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


To: PeterGx who wrote (2224)2/5/2000 11:00:00 AM
From: Snow Shoe  Read Replies (1) | Respond to of 2743
 
Took a small stake last week. If this lockup expires with little downside I will increase my position. Here is what has influenced me to buy:

- Like several other companies with lockup expirations or a secondary on the horizon (LQID's MSFT announcement comes to mind), I think PCLN has got a couple of big ones in the muzzle ready to fire off soon after the lockup expires.
- A month or so ago (at about $50/share), Cramer on TheStreet.com had some really good things to say about PCLN. His statements were along the same lines of comments he made about AOL before it started its run from the 80s to 180 and split.
- Seems like PCLN has a lot of support from several fund managers and analysts. Of course this could be an effort to up the price to allow them to unload their holdings. In this case, I believe them.
- I have a stop set in at $49. If we break that level, I see us taking an etoys and Value America type ride.



To: PeterGx who wrote (2224)2/14/2000 9:44:00 PM
From: Victor Lazlo  Read Replies (2) | Respond to of 2743
 
I just keep wondering why the market does not recognize all the smart moves pcln is making.

The shorts and daytraders sure do. They're really impressed! They're the only ones making any dough on pcln these days.

Caveat emptor. They are issuing stock warrants like candy. No cash for operations? Use warrants. Look at my recent posts re the staggering losses pcln suffered in the latest Q when warrants were included. They are using stock warrants to buy inventory. And then it goes right into the float.

Peter- Tell me of one other company in America that does this!

If you believe their lies, you will go down with the sinking pcln ship. PCLN suffered staggering losses in their latest Q and they are hiding it with warrants.

Peter, sell while you still have the chance. The dream is dead. These guys are frauds and they are more than willing to take retail investors's $$ for themselves.

Remember this always- the bond offering was cancelled. Lack of demand. Why? Why do you think? Ask yourself that. Visions of Boston Chicken dancing in institutionals' heads, perhaps?

Sell. These people are frauds. They make me sick to my stomach, because they have the blessing of the SEC and the ignorant investors who buy their crap stock. And they are getting away with fraud.

I have no long or short position in pcln.
Victor