...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.