Competetive headwinds, price to book, declining growth rates
after a certain threshold net tangible book-value has to come into
play.. otherwise paying a pe of 36 implies it will take 36 years to
recoup.. assuming the company is still around... a T-note is priced
at a PE of 30.. with 100% gurantee of principal... fair value
of Priceline is 650... not a penny more..
External market events in play so maxpain will not work besides
max-pain theory works only 50% of the time... she is pinned to
1295 tomorrow... will test 1230 by march 22 and 1150 by 3/28
she is toast for a while .. may be a long while
max pain (actual pain) instead of relative pain 1340/1330 for march 22nd and 28th, respectively. VXX is currently on a support trend. waiting for break. fdn (internet fund) daily slow stocastic 17.19, 20 on target
Rally by how much??? 15-20 points? More? Depends a lot on the general market. It was rallying earlier in the day then the general market just tanked taking PCLN down with it. There must be some institutional selling to cause this downdraft. Higher than average volume.
I am sure confident it will.. Picked up 8 calls @ 21.50 With a sell off like this it normally rally's pretty good the next day... Almost bought yesterday on the dip but held off...