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The Priceline Group Inc. Message Board

  • wallstreetwill wallstreetwill May 19, 1999 9:34 PM Flag

    Do Not Short PCLN - very risky

    The momentum is definitely up from here unless we
    get weakness in the broader market. And for all of
    those who think this is an expensive stock. Take
    another look. It's cheap. Priceline is adding customers
    big time. Priceline has the potential to do more of
    what EBAY and Amazon have already done, than to go
    down from here. Also, PCLN works on the principal that
    you name your price, provide payment, and if PCLN
    says "yes" you've already paid for it and you get your
    tickets or accomodation. I doubt they are losing much
    money on the spread, or any at all, since they say no
    to 4 out 5 customers.

    Datek probably a good
    buy once the air has cleared.

    If airlines
    wanted to auction off tickets on EBAY, they would have
    to create a huge staff to do it. Then, customers
    have the concern that they will pay, and not receive
    the tickets, or that it will be slow. Customers will
    trust PCLN before EBAY, and still get a good

    I think this stock is going to a couple hundred,
    barring any other market turmoil. William Shatner was
    right, this is going to be big, very big. Also, look for
    a pickup in customers as we enter the summer travel

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • A great point-The airlines may tell PCLN to go jump in a lake-

    • NEW YORK (AP) -- Airline stocks tumbled Wednesday
      on news that per seat revenue on
      domestic flights
      fell 3 percent in April.

      The decline was
      steeper than the 1 percent to 1.5 percent some analysts
      expected, and
      signaled that second-quarter revenues may
      not meet expectations.

      United Airlines shares
      took the biggest hit, falling 7.3 percent, or $5.87
      1/2, to close at $74.68
      3/4 on the New York Stock
      Exchange. Continental Airlines' stock lost $3.06 1/4, or
      nearly 7
      percent, to close at $42.50, also on the Big

      Delta Airlines and US Airways each lost 5 percent.
      Delta closed down $3.18 3/4, at $61.50, while US
      Airways fell $2.75, to
      $52.12 1/2, both on the NYSE.
      Northwest Airlines closed down 87 1/2 cents, at $33.50 on
      the Nasdaq Stock Market.

      A report released
      Tuesday by the Air Transport Association said industry
      revenue increased 0.4 percent in April on a rise
      traffic for the month, but there was a decline in the
      average ticket price.

      Airlines and investors
      focused on the per-seat figure.

      ``The numbers were
      surprising and disappointing to a lot of observers, but not
      so surprising to us,'' said Don Carty, chairman
      CEO of AMR Corp., American Airlines'

      The industry had made some deep price discounts in
      late March and April, even though planes were still
      flying very full, he said.

      ``I think in the March
      period, there was a lot more aggressive discounting than
      a lot of people realized,'' said Carty. He added
      the airline industry is going to have to look more
      closely at whether it will continue to offer continual
      sales to try and fill every seat,
      or if higher
      prices may ultimately be better for

      American Airlines shares fell 3 percent, or $2.12 1/2, to
      close at $69.18 3/4 on the NYSE.

      One airline
      stock that managed to gain ground was America West
      Holdings Corp., the parent of America West Airlines.
      Shares in
      the company rose 25 cents to close at
      $20.62 1/2 on the NYSE.

    • LONDON, May 20 (Reuters) - Shares in British
      Airways Plc dropped on Thursday in reaction
      to a
      sizeable cut in earnings estimates from Merrill Lynch,
      market sources said.

      BA shares fell 21-1/2p or
      4.7 percent to 440-1/2p by 0853 GMT.

      said Merrill's profits forecasts for the carrier were
      now at or near the bottom of the
      range of market

      However, they said the investment bank had retained its
      ``neutral'' rating on the shares.

      Analysts at Merrill
      were not immediately available to

      Dealers said BA stock was also undermined by weakness in
      U.S. airline stocks overnight. The sector was hit by
      rising concerns
      over second quarter revenue

      New industry figures released late Tuesday from the
      U.S. Air Transport Association showed domestic unit
      revenues, which
      measure revenue per seat, fell three
      percent in April, steeper than the one percent to 1.5
      percent drop that was expected by

      Shares of UAL Corp (NYSE:UAL - news) dropped $5-7/8 in
      New York to $74-11/16, Delta Air Lines (NYSE:DAL -
      news) fell
      $3-1/4 to $61-7/16 and AMR Corp (NYSE:AMR
      - news) was off $2-1/8 at $69-3/16.

    • ByByBabyByBy_NThatWasAllSheRote ByByBabyByBy_NThatWasAllSheRote May 20, 1999 10:02 AM Flag

      I'll take it under advisement.

      I think for now on i'm gonna short with datek. They are pretty quick, but i only have a few K in there.

    • I meant that had we shorted on the open and covered at the 138 range we be up 6 points in less than 15 minutes-TRADER P.S. too nice to be inside the house today, but gotta work-good luck friend

    • If it may happen that you are not able to short
      when you really want to, it will.

      Try Dreyfus
      brokerage. They are relatively unknown and shorting has
      never been a problem there.

      My predictions seem
      to come true ...

    • ByByBabyByBy_NThatWasAllSheRote ByByBabyByBy_NThatWasAllSheRote May 20, 1999 9:54 AM Flag

      What are you refering to (were up 6 points)?


    • got some bad news for you. I sold half of my position at 140. Now this thing is definitely going to go higher.

    • The Amazing saga of PCLN continues...there is
      alot of short interest in PCLN. Yesterday there were
      certian MM's who were Putting in fake bids for 6000-10000
      shares then pulling out last second. It was designed to
      drive shorts into buying frenzy...all this while NASDQ
      was rising. So now PCLN is worth 25 Billion dollars,
      As much as the 3 largest US airlines-Wow ! Now
      Morgan Stanley Dean Witter want's out, will begin
      selling 3/4 of a
      million shares starting friday. This
      is an early Lock-up release for IPO shareholders(See
      YAHOO Finance News details) Thats 8% addion to the
      float. I clicked off a short at 144 today, looking to
      cover at 135 tomorrow...But thats reason PCLN has
      jumped up, Short Covering & MM's pumping the stock
      up.... This news should have effect on tomorrows price
      and don't be fooled.

    • PCLN has the potential to become the envy of cyberspace. READ It.

    • View More Messages
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