Seeking Alpha
  • Market Maven
    PCLN killing it after what was a weak EXPE and TZOO earnings round-up. Interesting....
    2/13/12
    Reply (12)
    • Josh Krause: Still 2 weeks until earnings. Most high beta momos are being taken up on the elevator. Should disappoint.
      2/13/12
    • jdub2788: earnings no longer matter, see all the disappointments causing dips that were promptly bought.
      2/13/12
    • jdub2788: decoupled, new normal, fire walled.
      2/13/12
    • Market Maven: well - i shorted it at 570.51, day trade only.... trying to repeat my ISRG scalp from earlier today.
      2/13/12
    • apspice: M_M what is your target to sell? i was eyeing a PCLN short myself, but getting in the way of the MoMo stocks can be dangerous in my exp..
      2/13/12
    • Market Maven: definitely dangerous - i'll buy it back at around 566 today. i don't have a long term target to get short. i'll wait for the chart to break
      2/13/12
    • apspice: might follow u on this, but im looking at holding thru tomorrow morning. to ur knowledge is there a reason for this absurd breakout?greece?
      2/13/12
    • Market Maven: I see nothing other than momo's making a move (AZO), probably following AAPL to some degree.
      2/13/12
    • Josh Krause: Well, it could be everyone piling into PCLN due to disappointments in other internet travel Cos. Bet that they made up for everyone's loss?
      2/13/12
    • Market Maven: anything is possible, and it did cross my mind, but not sure why today, and all at once? people chasing it now? I don't know.
      2/13/12
    • Market Maven: I see no direct catalyst... which makes me feel ,somehow, more comfortable putting a small short feeler out there...
      2/13/12
    • apspice: bought a weekly 560 put for 3.9. we'll see what happens. hopefully retail #s come in low and profit taking takes place
      2/13/12