Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Booking Holdings (formerly Priceline) -- Ignore unavailable to you. Want to Upgrade?

To: Victor Lazlo who wrote (2081)	12/14/1999 11:14:00 PM
From: Mr. Park	Read Replies (1) \| Respond to of 2743

Victor, I am in no way attacking you and if it sounded like it then I apologize. In terms of benefiting shareholders swapping increases revenue and since so many internet stocks are valued on a revenue multiple it does indeed help justify the market cap. It is somewhat of a Ponzi scheme but until the trend is broken there is money to be made on the long side. PCLN was not oversold from a TA standpoint imho at 69. The money flow index is a volume-weighted variation of Wilder's RSI that is calculated by comparing today's average price to yesterday's average price and then weighing that average by the days volume. The ratio of the summed positive and negative money flows are then normalized on a scale of 100 to zero. Look for tops when a reading of 80 occurs and bottoms when 20 is reached. As with many momentum indicators watch for divergence between it and the stock price when new reaction highs or lows are made. Right now there is a divergence. MFI is up stock is down. At 69 it was flat and going down so imho it is oversold for now.