% | $
Quotes you view appear here for quick access.

The Priceline Group Inc. Message Board

  • mayerbci mayerbci May 10, 2012 9:07 AM Flag

    Stocks move according to guidance...

    ...not well documented past and current events. If PCLN says the next quarter will be weak then why buy now or hold. Till they raise guidance or next earnings day comes PCLN is going nowhere and at best staying around $700.

    Stocks that rocket up quickly lose the mojo when the future indicated by the company itself is has less than awesome and in fact they face troubles ahead.

    I'd say hold at best and see what the overall world economies do but be ready to sell. Actually, if I held today I'd sell today and wait for a decent pullback before next earnings. Take a clue from Apple. Even with blowout earnings and a $60 gain it lost it all back. Why? Limits can be reached and ALL and I mean all indicators point towards a very weak upcoming quarter, not just for PCLN.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "If PCLN says the next quarter will be weak then why buy now or hold."

      Bullsh*t, anything could happen. Netflix gave weak guidance last April and the stock dropped from $252 to $227 no increased guidance and it was $304 in 2 months time.

      • 1 Reply to BAGOFSWAGS
      • OK so folks were slow to the party. In the end where did Netflix go? Sometimes a short squeeze will push a stock up that should not on it's own merrit. And when the squeeze ends the stock tanks.

        Either way I doubt PCLN will be moving higher other than a little bounce until they have significant news to change the outlook.

1,463.02+6.98(+0.48%)Oct 27 4:00 PMEDT