Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 4,903

+0.6%

Nov 25 3:59 PM EST

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To: mg1041@aol.com who wrote (1268)	5/11/1999 9:50:00 PM
From: Tom Hua	Read Replies (3) of 2743

Now that we have agreed the model works, I think people with common sense and rationality strongly disagree. Priceline is "selling" tickets now because the company subsidizes the bidders to make the sales happen. If you set up a web site, then give things away on the web, I bet you'll "sell" quite a bit of whatever you're selling too. The company knows darn well this so-called biz model can not be sustained. Once the subsidies stop, then what ? Can they still sell tickets? The verdict is still out. I think PCLN is worth no more than 10% of its current valuation. The underwriters are no dummies, they initially priced PCLN between $7-9 for good reasons. Regards, Tom

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