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Technology Stocks : Booking Holdings (formerly Priceline)
BKNG 4,803-4.9%Nov 17 3:59 PM EST

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To: Robert Rose who wrote (1436)5/22/1999 11:55:00 PM
From: Tom Hua  Read Replies (1) of 2743
 
Rob, look around net stocks, many including top tier ones are on the way down, some have lost about 50% from their peaks just weeks ago. We're entering the slow summer months which usually are bad for tech stocks. Did you remember what happen to net stocks last summer? Recent bullish events failed to lift the boat including the AOL analysts conference on Wednesday, Mary Meeker's most positive comments on AOL etc.

PCLN may be the last to fall, but it will, and will soon. I continue to predict that PCLN will be around $50 before summer is over.

Regards,

Tom
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