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

To: rogermci® who wrote (1248)	5/8/1999 6:53:00 PM
From: Radim Parchansky	Read Replies (1) \| Respond to of 2743

HOW MANY STARTUPS HAVE REV $49.4 MLN IN ONE Q? IF THAT GROWS EXPONENTIALY FOR THE NEXT FEW Q'S, THE CAPS COULD BE JUSTIFIED. Pirate

To: rogermci® who wrote (1248)	5/8/1999 7:22:00 PM
From: tsunami	Read Replies (1) \| Respond to of 2743

<PCLN> I wonder if the longs on this board have an exit strategy. This bull market created a different type of trader. They will buy a momo stock irrespective of underlying fundamentals @ 100 and will gladly take their profit @ 120. But the same "trader" wont take the loss @90 or @80 or ... In certain cases they will double up on their position @ 70. Funny thing is this has been a winning strategy so far in this market because "market always came back up". This is the only reason why many people will never make any money from the stock market. They will ride their momo stocks to their grave until they are wiped out. Longs who think PCLN will be the next AMZN YHOO EBAY dont realize PCLN is already as expensive as them. It is trading at half the market cap of GM, how absurd is that? Internet is great, Internet is the future, but PCLN is not the right way to play the Internet. PCLN is a website that can be created by 2 teenagers in a month. PCLN is couple computers running a database. PCLN is a net connection and couple IP adresses. All the buy recommendations on PCLN are a joke. Longs say they heard the same arguments for all other Internet stocks before. "Before" was different. There were a limited number of Internet stocks, now every week 5 new IPOs come to market. There is too much supply now and there is not enough hot money to squeeze everything. Also shorts on this board seem to be doing this thing for some time. We have already survived AMZNs KTELs EBAYs. Shorting is the only sane way to play this market right now. This is why I think the more crowded this stock becomes on the short side, it is the better. Every new short creates a new long. If the shorts are experienced enough, this creates one more panic seller at the right time. This is not saying this stock will not trade @ 300 before falling back and as long as there is a chance it will trade @ 300, it will make a good short. PCLN is the best short I can find out there. All the above are my opinions. I usually have a boxed or flat position in PCLN overnight and short it intraday. good luck all, tsunami