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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: rogermci® who wrote (1296)5/14/1999 11:45:00 AM
From: Tom Hua  Read Replies (1) of 2743
 
Roger, I shorted another 10% @ 131. The company is still in its infancy stage, some may classify it as a startup. Nothing wrong with a startup going public, but I don't know of any startup that commands a market cap of $28 billion (on a fully diluted basis). PCLN is high on ideas and concepts, but it remains to be seen whether this money-losing business model will work. I doubt it. The real and successful internet business models are those developed and implemented by the IBMs, Dells, Msfts etc, PCLN simply provides good trading opportunities of its stocks.

Regards,

Tom
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