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

To: B. A. Marlow who wrote (1548)	6/1/1999 6:38:00 PM
From: coachbobknight	Read Replies (1) \| Respond to of 2743

BAM--of course i read your posts closely...i read all posts closely...but especially those by intelligent non-lemming longs...why?? i try never to be reactionary or defensive...an open mind leads to much better trading... i still believe this stock to be extremely overvalued...extremely... 1) i think the patents are weak... 2) a secondary offering is coming soon... 3) jay walker is closer to wacko than visionary...<his words not mine> 4) pcln will eventually be a marginal player... however, i trade the tape...at 140 this stock was obviously headed lower...now below 100, the tape says still lower...probably to 75-85... i am always ready to change my mind however, it is just that the facts and the tape say LOWER...i will let you know when i think the tape looks better...i see distribution on the chart...usually means lower... and yes i agree, when the shakeout is done, the money will flow back into the net/techs... after today's super strong NAPM, do you still think the fear of the FED is unjust? i say they tighten...at least 25 points, maybe 50 by the end of July... good luck...