priceline.com Incorporated Message Board

There is no way PCLN bounces tomorrow. It could be down another 40-60 points easily, just base don margin selling alone. Look at the 1-yr candle chart. AAPL only dropped 4% so it was a different ball of wax (and was able to recover). This one will be more like CMG and NFLX when they got crushed.

NFLX dropped 18% (208 to 169) on it's big miss in the summer of 2011. The next two days it dropped another 24% (to 128.5). CMG didn't follow through as badly but CMG isn't an internet stock either, but regardless they dropped 21% in their big miss (403 to 317) and then over the next 8 trading days another 11% (to 281). The NFLX follow-through scenario puts PCLN at 426 and the CMG puts it at 498.

Hmmmm, did I say "puts"?? You better have some if you're long --- this slide has massive downward potential.

No one here is claiming PCLN will retrace all 100 points tomorrow, only that some sort of bounce will occur given today's sell-off within the framework of overall market conditions.

Whether that bounce proves to be sustainable thereby causing those late comer shorts to get spooked and start covering is another story altogether.

Agree. Hedge Funds will spike this tomorrow now that the shorts have all piled in.

They'll start buying early in the morning which will spook the shorts as well as attract swing traders and bargain-hunters... And of course that's bad news if you shorted today.