Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 5,400

-0.6%

11:14 AM EST

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To: B. A. Marlow who wrote (1514)	5/28/1999 11:00:00 PM
From: Danny	Read Replies (1) of 2743

BAM, one thing contradictory about these shorts is: On one hand, they claim they are traders. On the other hand, they claim they are shorting PCLN based on its fundamentals. For all the traders I know so far, they trade stocks based on momentum. I know one trader who even shorted CSCO a couple of times. But this doesn't mean he thinks CSCO is fundamentally ill and he also went long a couple of times. His rule of thumb is to follow the tap. To short PCLN based on the recent internet weakness is understandable, but to short PCLN based on its "weak fundamental" and then call themselves as traders is, IMHO, self destructive. A real professional trader should short PCLN last week, cover it on Wed morning, and go long to ride the next uptrend. Danny

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