Seeking Alpha

Priceline (PCLN) slips 3.2% in premarket trade after the Expedia blowup overnight. Other...

Priceline (PCLNslips 3.2% in premarket trade after the Expedia blowup overnight. Other online travel sites: OWW -2.4%, TZOO -0.2%, TRIP -1.1%.
Comments (6)
  • dacama1
    , contributor
    Comments (211) | Send Message
     
    self inflicted blow up.
    26 Jul 2013, 08:48 AM Reply Like
  • fredfhome
    , contributor
    Comment (1) | Send Message
     
    does anyone know a reason that stocks gap so much?
    I'd think that if someone able to analyze the results believes they know/understand the new value, they'd want to slowly trade in the new direction. Why let everyone "know" so soon?

     

    One reason I can think is that the larger traders can protect themselves by buying puts. Then if there's a "reason" (aka cover story) that's plausible bad news, they can dump their stock at
    market rates, driving the price down down down down. When the market opens, they sell the puts, and buy the stock back to drive the price up again. Maybe they don't sell the puts the next day. They can wait until the downward momentum is bottoming out, etc.
    I could also envision large funds doing this when the market seems to be peaking. Without upward forward progress the benefit of waiting becomes more risky. Better to sell sell sell (protected by puts), get everyone worried, pick their moment, sell the put and buy back the stock. comments?
    26 Jul 2013, 09:16 AM Reply Like
  • MarketView
    , contributor
    Comments (46) | Send Message
     
    Same quarter last year, EXPE beat the expectation, but PCLN missed , and its stock dropped $100 after the hour. Now, EXPE just released its earnings and missed big, I expect that PCLN would miss again when it release its result on Aug. 8, particularly based on PCLN said itself in the last earnings release that it expects Q2 to be weak. With PCLN being pumped up so much in the last few months, we need to prepare that a drop of more than $100 may happen this time if it missed.
    26 Jul 2013, 09:47 AM Reply Like
  • TFCAB
    , contributor
    Comments (1946) | Send Message
     
    i will be locked and loaded for a PCLN miss, but i think they execute a lot better than EXPE
    26 Jul 2013, 09:55 AM Reply Like
  • mobyss
    , contributor
    Comments (1849) | Send Message
     
    Priceline trades at 30x earnings. For a company that books hotel rooms.

     

    The 5 year chart reminds me of Apple or Netflix.
    26 Jul 2013, 12:21 PM Reply Like
  • VinSavi
    , contributor
    Comments (3) | Send Message
     
    Why is TRIP up so much? no correlation?
    26 Jul 2013, 03:36 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|