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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (8288)	9/16/1999 6:51:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78816

My understanding there's some 170 million shares of priceline getting unlocked by February. Also understand their whole story is their patents - but they're controversial, since they're basically trying to patent a business model and many think it won't stand court challenges. There was a whole Forbes cover story on it. There's virtually no barriers to entry otherwise. Now Microsoft Expedia is getting into the act, as is TSG. There's really no reason to buy them, since the basic replacement cost is so little, so I see buyout risk as low but there. That said, the stock just crumbled under support and I'm shorting into the dead cat bounce. That's my logic anywho. And re my flip of Crossman (in and out in one day after it broke support at 25), it was down to 23 1/2 today. Got out of quite a few stocks today as support was violated. Mike

To: Madharry who wrote (8288)	9/16/1999 7:28:00 PM
From: Mike 2.0	Respond to of 78816

Be careful with priceline...You may win short term but you could also lose big. Yes, you could lose big...really big. :-) FWIW the latest Worth mag's 10 Stocks to Avoid concluded with a look back at a previous 10 Stocks to Avoid list...another analyst proclaiming the usual suspects to be overvalued stocks to avoid bit the dust. My .02 pretax remains looking into the bottom shelf internets like maybe AWEB or PPOD, etc. on strength if you want to short or go with puts, vs. fighting the tape.

To: Madharry who wrote (8288)	9/20/1999 9:51:00 AM
From: Mike 2.0	Respond to of 78816

Many on this thread looking for internet shorts... How about Quokka QKKA is a recent IPO that has been justifiably flat. The company offers "digital sports coverage" (can't you tell by the name? :-)...but all the content is out of the mainstream sports (auto racing is only thing that comes close to mainstream interest). I see no way these guys will ever gain rights to broadcast mainstream sports content. Perfect example: You want football? (I do :-) There is no better website than going to the source, www.nfl.com. As bandwidth gets wider, NFL.com can offer more video clips etc. than they do now. They currently offer a live gamebook which is a text page being updated with play-by-play in real time. Wider bandwidth means they could offer some clips of the last big play, etc. Quokka and other fledgling sports ventures will be on the outside looking in. No options yet for this one but I hope there will be soon, before stock languishes below 5... JMO...O :-) Mike