Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 1,957

+0.1%

Aug 9 5:00 PM EST

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To: B. A. Marlow who wrote (1563)	6/2/1999 8:07:00 PM
From: coachbobknight	Read Replies (2) of 2743

bruce, i trade pcln...if i cover tomorrow or friday, i will definitely short it again on strength... though i have an issue with pcln's valuation, i do not believe it will go straight to 75...i suspect there will be an opportunity to short more above 100 tomorrow... fwiw, i actually think pcln is worth less than 50 but that isn't so bad compared to what i consider fair value for amzn let's say... in other words, i try not to fight the tape...i will cover and prepare to do battle again... my vote is that the fed cranks 'em up 25 basis points... believe me, bruce, by june 29th, the market will celebrate a 25 point move because the pervasive fear at that time will be that 50 pts are coming... the 50 pt whisper is already out there...add a strong jobs number on friday plus strong cpi on june 16th and this whisper will start to scare the heck out of folks...they will sell and i will finally go long...then on the 29th the fed will do 25 and the market will rally... i study the fed closely...very closely...do you know what was in the minutes of the dec meeting which guarantees you that the recent bias change means that they will tighten??

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