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Technology Stocks : Preview Travel (PTVL) ---- Via...Excite & AOL -- Ignore unavailable to you. Want to Upgrade?

To: gregor who wrote (215)	4/16/1998 5:14:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 728

This beats anything I have ever seen Gregor, tell me about it. But I seriously doubt that 6 months to a year from now, all these internet stocks will be trading anywhere near where they're now. I bet many of them such as PTVL, AMZN will drop at least 50%. Just take a look at the y2k stocks last year vs. today. I feel comfortable holding PTVL short. I think the underwriters (particularly Prudential) will continue to support the stock until the secondary is out of the way. Since the volume on this stock is relatively low, it's easy for the underwriters/MMs to exert their influence. Nevertheless, I have a very good day today thanks to CYCH. I happened to pick up some May20 calls this morning to go along with my common. Hope tomorrow will be half as good <g>. Good luck. Regards, Tom