Schwab successfully executed another P&D. Rated an "A". PKD missed again. With all chances, I only remember them matching other analysts "one" time. Now that earnings is out going back to a "C". Its like clockwork.
Buddy you may be sitting on the ban wagon, but your nickle did not cause PCLN to go up one dime. Going short was fundamentally right even at $650, because that would have been the normal 15x earnings. Unfortunately a handful of stocks have been given a bank/hedge fund pass to go much higher then their worth.
They are linking up to take total control of certain stocks. They have always done this, but now they could care less about fundamentals. Eighty five billion a month can buy any direction for any stock to go anywhere. The FED has created a type of organized control of the market. Actually Netflicks is more insanely traded then PCLN. Its not trading its big money pressure tactics.
Where does economics figure in here. All day long CNBC will state the markets going higher, and other half of the day its going lower. No one really knows, yet when it does correct it will be a bIg one!!! Its all an illusion...
What do they do? Do they pick stocks with steady growth out of a hat? Momentum stocks are just that. They are stocks with elite rockets attached. They take off really fast until they pre-determined fuel source runs out of juice. I do not want to be there when it does.
Its in the Goldman Sachs approval realm last time I checked. It will go up until they say otherwise. This market is a complete scam against what we were taught in basic economics. Fundamentals for this market is maybe 15X. PLCN should not logically trade past this point. I remember when stocks like this were barely making it during good economic times, PCLN is blowing away the numbers in a poor economy with extreme debt. Can someone explain how this happens?
Great track record stocks are selling at 5X earnings with less risk then PCLN, yet Priceline continues to go up with a 37X. When I check a travel package Priceline is always the most expensive. This whole thing smells funny. I am surprised we do not have Mutual Funds, ETF, or ETN's for the Mafia and Drug Cartels.
Strong buying at $6.91. I have $6.66 - $6.84? F#$@! this chart bought some at $6.91. Do expect it to go even lower, yet I do not understand this $6.91 resistance??? $6.91 pops to $6.95. Maybe its another trap???
Don't worry about that #$%$. Sorry, if I said something that bothered you. Have a great day!
All you are doing is rambling?...Could go up?...could not?...What a brilliant mind?...So your advise is the stock could go up, could go down, but 10am is important because of the big boys could or could not buy or sell...GOT YA!!!