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To: H James Morris who wrote (87518)12/15/1999 9:30:00 AM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
I don't think Pcln can sustain a 8-9bil market cap much longer. But! I could be wrong.

Pcln has 147M outstanding shares therefore the impressive market cap. BUT, the current float is around 19M shares which consists of (a)the Ipo of 10M shares and (b)Delta's 8+M and other insiders.

We have a interesting combination here: with a 19M current float, very heavy institutional ownership, and a very high short interest #.



To: H James Morris who wrote (87518)12/15/1999 7:20:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
<<PCLN may be elminated today but only due to my own risk tolerance.>>
Glenn, I think the Pcln agreement with Preview Travel is very good for Pcln. But, I still wouldn't buy it.
I don't think Pcln can sustain a 8-9bil market cap much longer. But! I could be wrong.


I cut my position in half yesterday so decided to let the balance run. It is not a lot so it is quite speculative. My major concern is the swap of equity for inventory as Blodgett mentioned in his last report. His point was it is not a big deal if it is only with the airlines but it happens with everything, it is not good.