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

To: Tom Hua who wrote (1465)	5/25/1999 9:23:00 AM
From: Robert Rose	Read Replies (1) \| Respond to of 2743

Too bad Blodget can't time the market like you and me ;>. <eom>

To: Tom Hua who wrote (1465)	5/26/1999 12:23:00 AM
From: Tunica Albuginea	Respond to of 2743

Tom Hua, you need to be alitle more accurate on Blodget at Merrill. Henry first off has a buy on AOL and YHOO. Also he said if you are going to buy any inet cos, these are the ones ( he also added AMZN ). Wall Street Journal, Barton Biggs and Barrons have been negative on YHOO and AOL since 1995 and 5 splits ago. And don't forget what the Journal below said The Dow Jones Internet Index,after its 7.96% fall Monday, is now down 26.1% from its April 13 peak, though still up 50.4% for the year. UP 50.4% !! Better than bonds any day. My advise to you, pick up all the YHOO you can tomorrow, TA Correction: By error I thought I was in the YHOO thread. This should have been posted on the YHOO thread. I apologize. I have no comment on PCLN TA You said: Craig, note Blodget's comments below. This is the guy who pumped PCLN just days ago. Its people like him that cause the small retail investors to buy on dips and lose a lot of money. Regards, Tom Web Firms See Stocks Drop Into Bear-Market Territory By SUSAN PULLIAM and TERZAH EWING Staff Reporters of THE WALL STREET JOURNAL The numbers are grim: Shares of Yahoo!, down 43.5% from the high for the year. Amazon.com, down 46.9%. Ameritrade Holding, down 50%. America Online, down 31.9%. Inktomi, down 35% and Priceline.com, down 24%. The biggest bubbles seem to be bursting. Join the Discussion: Do you think Internet stocks will avoid a bust? While most Internet stocks have posted healthy gains for the year, practically all of the major companies have seen their shares fall precipitously from their peaks -- capped by the sector's nearly 8% rout Monday. As a result, some market watchers conclude that the Internet stocks -- at least for now -- have entered a bear market, with all of the major indexes off more than 20% from their peaks (the rule-of-thumb definition for a bear market). "I think the air is coming out of the bubble," said Morgan Stanley strategist Barton Biggs. "It hasn't been a free fall. But when the companies report good news and the stocks still go down, you know something is wrong." The Dow Jones Internet Index, after its 7.96% fall Monday, is now down 26.1% from its April 13 peak, though still up 50.4% for the year. Water Torture Internet stocks have taken big drops before. One came only a little more than a month ago -- shortly after the group's peak -- when Internet shares took a swoon of nearly 20% in one day as measured by the Dow Jones Internet Index, before staging a temporary comeback. What's different about this drop, however, has been its water-torture quality, analysts said. "This has been a long, slow decline relative to other pullbacks," said Henry Blodget, Merrill Lynch's Internet analyst. "In that environment, you have a lot of people really losing money. They get in thinking it's the bottom and then they end up losing even more money."