Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 4,910

-0.1%

12:59 PM EST

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To: neverenough who wrote (1244)	5/8/1999 5:55:00 PM
From: coachbobknight	Read Replies (1) of 2743

PCLN--keith benjamin's note came out wednesday morning...it helped push the price from it's low of 120 that day back to 150... mfgrep how many shares do you own?? when the stock tanks we shorts don't post during the day and cheer it further down...we show up at the close to discuss the days action, etc... but what pisses me off is that lemmings like mfgrep<who is truly clueless about the games that can be played in the pre-market[for example, a few friends trade 100 shares back and forth at increasingly higher prices until the illusion of strong demand has been created...then eager lemmings and panicked shorts see these pre-market trades and act accordingly when the market opens...the MMs will gladly sell expensive shares to these 2 groups(lemmings and panicked shorts) only to remove their support 30-45 minutes later...which causes the stock to collapse...}...it's called a sucker's open... this is exactly what happened friday morning for example...old news plus lemmings plus panicked shorts created a 5 pt move to 145 area...the MMs sold mega shares at these prices and then removed their support on the bid...the stock tanked to 134 in about 30 minutes... so my point about mfgrep is that chief lemming that he is, he has no clue about how pre-market behavior, yet he gloats on this board about the premarket 157 the other morning...2 posts dedicated to this 157 number...mfgrep, when you do this you are advertising your stupidity to any experienced trader...we understand MMs, 3 of us used to be MMs for heaven's sake<not me>...i probably shouldn't even waste my time trying to educate you... he thinks he is smart...but he knows nothing about how these things are traded, he actually believed there was demand at 157....ten minutes later the stock opened at 148 and was at 144 in 4 minutes...case closed...sucker's open for weak shorts and gleeful lemmings... if legg mason's initiation at sell on thursday didn't wake this board up to the fact that the 25 billion market cap is way outta control, then nothing will...how often do you see sell recs...??...underperform is the phrase but in the cbs mktw article quoting him he advised selling shares...not holding...selling...and this legg mason analyst has an excellent track record... the lemmings still don't understand benjamin's role to bbrs or blodgett's role to merrill....these guys are there to sell stock...nothing else...is there no one else on this board with investment banking experience??...speak up for god's sake and explain to the lemmings the role of the sell side analyst...i devoted many nuerons to this subject in a previous post...that those who wish to become more knowledgable about the wall street ipo game should read it...some of you seem very naive about benjamin and blodgett and meeker...remember, among institutions, the sell side rec is laughed at...buy side folks like legg mason will tell you the truth...you should NEVER, EVER trust the sell side...and i was on the sell side for 4 years, so i speak from my own experience as a whore analyst...the sell side is controlled by the corporate finance side of the business and the analysts are mere puppetts for their banking brethren on the higher floors...it is a huge game... almost 60% of all ipos eventually go bankrupt...within 2 to 10 years...yet every single gdamn one of them sarted with a bunch of 'strong buys'...the lemmings need to learn if they are to survive their time on the buy...be very skeptical of what an underwriting analyst says about a stock they follow... good luck to all,

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