CTRP is responding to LONG's collaboration with EXPE, not taking the lead but only desperately trying to play catch-up. PCLN had a major miss last night because of their European dependence, once again EXPE/LONG is one of the reasons PCLN/CTRP are getting together To throw them all in the sam pot is to miss the point: EXPE blew out earnings in Q2 and PCLN missed yesterday. We can assume that LONG will report above estimates on August 20th.
Today the PCLN flu will effect EXPE and LONG share price, but try to see the forest and not the trees and keep accumulating. EXPE is engineering a stealth buyout of LONG as we sit and they will have to buy out the few floating shares eventually, probably by the end of the year.