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: coachbobknight who wrote (1124)	5/5/1999 6:29:00 AM
From: ChinuSFO	Respond to of 2743

Watching CNBC. They say that PCLN is expected to go up today in the face of a good earnings report. CNBC also mentioned something like yesterday was PCLN's first "5000 ticket sale day" and their sales are increasing every day. What I think is happening is that with the ensuing summer season, people are trying to strike some bargains on air tickets through PCLN and they are succeeding in doing so. Now about the Street.com article. I have bought 3 refurbished computers by bidding at ONSALE. I have been happy with all those purchases. Yes, I did not win everytime I bid. But I had control over my bid. I have not bid at Priceline. But the Street article seems to imply that the bidders at Priceline do not get a feel for what they are bidding on. If that is the case then I would ask who these "5000 a day" people are? Maybe merchandise is something that people would like to see before they buy as in ONSALE, but for airline tickets, they are not interested which airline they fly as long as it takes them to their destination "safely" for the price they are willing to pay.

To: coachbobknight who wrote (1124)	5/5/1999 9:12:00 AM
From: Roader	Read Replies (1) \| Respond to of 2743

"that was very artificial...you should study how to spot and recognize short squeezes..." "the momentum is now to the downside for this overvalued, overhyped, overdone paper..." I hope you don't short stocks based on your own knowledge b/c I haven't seen a post that has been any more off the mark than yours in a long time. Take a look at instanet and Happy shorting. Roader

To: coachbobknight who wrote (1124)	5/5/1999 8:08:00 PM
From: Jim Ray	Read Replies (1) \| Respond to of 2743

Coach Enlighten me. You say that on the day the stock spiked at $160, It was due to a short squeeze. At 3:15 PM that day the stock was selling at about $135, at about 3:40 it was at $165. Are you saying the shorts had to drive the price up almost $30 just to cover? Jim Ray