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Technology Stocks : Booking Holdings (formerly Priceline)
BKNG 4,766+4.0%Nov 21 9:30 AM EST
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To: rogermci® who wrote (1403)5/20/1999 5:23:00 PM
From: Tom Hua  Read Replies (1) of 2743
 
Will there be more buyers or sellers in PCLN tomorrow

Roger, there'll be equal number of buyers and sellers. Buyers are mostly shorts covering. It'll definitely be a buyers market tomorrow, therefore sellers will be more eager to sell at lower prices. I'll be surprised if it closes above 130.

I think we're beginning to see a meltdown of net stocks, leading to a significant drawdown of net valuation. The process will last throughout the summer.

Regards,

Tom
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