The momentum is definitely up from here unless we
get weakness in the broader market. And for all of
those who think this is an expensive stock. Take
another look. It's cheap. Priceline is adding customers
big time. Priceline has the potential to do more of
what EBAY and Amazon have already done, than to go
down from here. Also, PCLN works on the principal that
you name your price, provide payment, and if PCLN
says "yes" you've already paid for it and you get your
tickets or accomodation. I doubt they are losing much
money on the spread, or any at all, since they say no
to 4 out 5 customers.
Datek probably a good
buy once the air has cleared.
wanted to auction off tickets on EBAY, they would have
to create a huge staff to do it. Then, customers
have the concern that they will pay, and not receive
the tickets, or that it will be slow. Customers will
trust PCLN before EBAY, and still get a good
I think this stock is going to a couple hundred,
barring any other market turmoil. William Shatner was
right, this is going to be big, very big. Also, look for
a pickup in customers as we enter the summer travel
NEW YORK (AP) -- Airline stocks tumbled Wednesday
on news that per seat revenue on
fell 3 percent in April.
The decline was
steeper than the 1 percent to 1.5 percent some analysts
signaled that second-quarter revenues may
not meet expectations.
United Airlines shares
took the biggest hit, falling 7.3 percent, or $5.87
1/2, to close at $74.68
3/4 on the New York Stock
Exchange. Continental Airlines' stock lost $3.06 1/4, or
percent, to close at $42.50, also on the Big
Delta Airlines and US Airways each lost 5 percent.
Delta closed down $3.18 3/4, at $61.50, while US
Airways fell $2.75, to
$52.12 1/2, both on the NYSE.
Northwest Airlines closed down 87 1/2 cents, at $33.50 on
the Nasdaq Stock Market.
A report released
Tuesday by the Air Transport Association said industry
revenue increased 0.4 percent in April on a rise
traffic for the month, but there was a decline in the
average ticket price.
Airlines and investors
focused on the per-seat figure.
``The numbers were
surprising and disappointing to a lot of observers, but not
so surprising to us,'' said Don Carty, chairman
CEO of AMR Corp., American Airlines'
The industry had made some deep price discounts in
late March and April, even though planes were still
flying very full, he said.
``I think in the March
period, there was a lot more aggressive discounting than
a lot of people realized,'' said Carty. He added
the airline industry is going to have to look more
closely at whether it will continue to offer continual
sales to try and fill every seat,
or if higher
prices may ultimately be better for
American Airlines shares fell 3 percent, or $2.12 1/2, to
close at $69.18 3/4 on the NYSE.
stock that managed to gain ground was America West
Holdings Corp., the parent of America West Airlines.
the company rose 25 cents to close at
$20.62 1/2 on the NYSE.
LONDON, May 20 (Reuters) - Shares in British
Airways Plc dropped on Thursday in reaction
sizeable cut in earnings estimates from Merrill Lynch,
market sources said.
BA shares fell 21-1/2p or
4.7 percent to 440-1/2p by 0853 GMT.
said Merrill's profits forecasts for the carrier were
now at or near the bottom of the
range of market
However, they said the investment bank had retained its
``neutral'' rating on the shares.
Analysts at Merrill
were not immediately available to
Dealers said BA stock was also undermined by weakness in
U.S. airline stocks overnight. The sector was hit by
over second quarter revenue
New industry figures released late Tuesday from the
U.S. Air Transport Association showed domestic unit
measure revenue per seat, fell three
percent in April, steeper than the one percent to 1.5
percent drop that was expected by
Shares of UAL Corp (NYSE:UAL - news) dropped $5-7/8 in
New York to $74-11/16, Delta Air Lines (NYSE:DAL -
$3-1/4 to $61-7/16 and AMR Corp (NYSE:AMR
- news) was off $2-1/8 at $69-3/16.
I meant that had we shorted on the open and covered at the 138 range we be up 6 points in less than 15 minutes-TRADER P.S. too nice to be inside the house today, but gotta work-good luck friend
If it may happen that you are not able to short
when you really want to, it will.
brokerage. They are relatively unknown and shorting has
never been a problem there.
My predictions seem
to come true ...
The Amazing saga of PCLN continues...there is
alot of short interest in PCLN. Yesterday there were
certian MM's who were Putting in fake bids for 6000-10000
shares then pulling out last second. It was designed to
drive shorts into buying frenzy...all this while NASDQ
was rising. So now PCLN is worth 25 Billion dollars,
As much as the 3 largest US airlines-Wow ! Now
Morgan Stanley Dean Witter want's out, will begin
selling 3/4 of a
million shares starting friday. This
is an early Lock-up release for IPO shareholders(See
YAHOO Finance News details) Thats 8% addion to the
float. I clicked off a short at 144 today, looking to
cover at 135 tomorrow...But thats reason PCLN has
jumped up, Short Covering & MM's pumping the stock
up.... This news should have effect on tomorrows price
and don't be fooled.
ETV released great news yesterday,
Market missed it. They are increasing their subscriber
There are over 2.5 million shorts on this stock and
they just opened up their own auction site. They are
also a possible takeover canidate by either FOX or
YAHOO. This stock is a bargain for an internet stock.
If you do decide to short, dont forget to draw up
an exit strategy (ie stop loss) just in case it goes
the other way!
Educational Community Site for Market Players
Anyone seen Jimmy the Geek lately??? The guy
always comments negatively when PCLN get hit but is
nowhere to be found when the boy pops! Either way, be a
man and take it. I am long and did lock some profit
at 135 from 75! If I lose so be it, but if I win,