the 3 white soldiers pattern is extremely bullish after a down turn.
we have exactly the same pattern as around feb 10 when the stock touched 1300 in about 10 days.
expecting a quick move to 1200 and testing of 50 DMA at 1227 within a week or less- unless all hell breaks loose in Ukarine.
Sentiment: Strong Buy
Guess who is laaughing today- I hate to say "I told you so"- this stock needs to settle down and move gradually up not *$ a session-on no new news(that is a tongue twister)
You are in idiot- check out all my posts and see if I was negative on the stock- watch for retracement next week- then thnak me for the warning
it takes 50k shares to move the price up by 8-10 dollars- incase you are following the 15 minute volume patterns- apparently you dont!
get real- I understand the 40$move after earnings- and great earnings by the way- the last 16 dollars are inexplicable- gains like this are fleeting- I dont get carried away- either way- but just want to add my perspective
do you have any plausible explanation for the last 16 dollars- or just the $8 move today- apart from the answer that someone was buying
I expecta reversal soon- you cant have $8 moves for 3-4 consecutive sessions- regardless of earnings
and just to remind you I am bullish on PCLN- I would have preferred a gradual move up- not a parabolic one!
I am not complaining- I am just pointing out this is not healthy- Imagine Institutional buyers loading up on the stock on a friday afternoon- yes there are buyers- they are not retail, they definitely are not instituitional.
I like making money- but I care how I make it also- this stock move is inexplicable- that is all I am saying!
Genius! You are stating the obvious- who is buying on a friday afternoon is a more cerebral questions-i know this does not matter- do you realize that a mere 100,00 shares ramped this stock up to 646 this morning- how many shares do you have to short to make it go the other way- half that volume will cause a stampede-
i prefer a healthy market- a 56 $ move in a week is too much-Just my humble opinion!
The Euro is Down, the market is down and yet PCLN is up nearly !6$- this stinks to high heavens!
We are told often to "leave" it to the markets- this is what happens when market makers dictate where the stock will end
I applaud the 40$ move after earnings- bu the 16$ move in the last 2 days reeks!
I am a "bull" on Pcln- but there is too much manipulation in the stock- I dont know how many investors want to buy priceline at this levels on a Friday evening- but they have been walking the price up with 100 share llots- they will not let this stock go below 640- mysteriously the price get bumped up and bid ask spreads are wide-as wide as 50 cents
greed is Good- but this is too much!
where do you see the put volumes- infact put/calll ratio is under 19almost 0.5 whether you look at option open Interest or option volume!
I dont think you have the facts on your side- my friend-
I agree with the original poster this stock is due for a pull back- the call OI is too much at 640!
A 50$ straight up move- a pull back of 5 bucks is healthy!
the oil prices have been in the coversation in the last few weeks- they were below 100$- it is the speculators who are pushing up the oil citing "tensions with Iran"- there is a 30-40$ fear premium built in and Obama- will not wait for a repeat of last year- he will release the reserves once WTI crosses $112$
anyway they are already completed 2 months into the quarter and they guided higher- so you tell me do I take your word or Ms.Lee's fake concerns- or take the CEO's word for it- and he has been on the money for several quarters.
Just the facts- no one needs to impose their opinions!
$0$ is typical for PCLn- the ATM straddle was prcing in $50 but i does $10 less- so $40 seems like usual- they only have 50 million shares!
I am getting tired of her opinions- why is she trying to make the "bear case"- she is being debbie downer- why dont they just stick to the facts- they beat by a good margin on the EPS as wellas revenue as well as guided higher than the street.
This is INSPITE of the oil prices and euorpe going to hell!
This is not a Democrat VS Republican debate- just the facts Ms.Lee and why are you so frustrated if stocks go up- you tried with AAPL- it did not work- will you quit talking about a business you dont have the slightest hint.
Thankfully Guy adami pointed out the stock is still trading at 20 time forward earnings!
Just STFU melissa lee!
He makes a good point that 60% of earnings are exposed to europe- if anything the euro has been strong pff late- dont understand his bearish utterrings when he has a700$ price targets.
I hate ANALysts who speak from both ends!
Put call ratio is at 1.15 ATM starddle indicating a $47 move- typically price line moves about 10$ less than the ATM straddle
priceline has to do a trifecta- a clean beat on earnings, higher revenues and better guidance than what street is expecting- it is good that they are conservative- but too much negativity on future earnings will bury the stock- trade bullish but portect yourself with puts
there is a 90% probability the stock trades between 540 and 633- this is what options are saying- make your own conclusions!
they were recomending a call calender sell the 620 march weekly and buy the real march 620- jUst FYI
I would go with 630's calendar- the ATM straddle is suggesting a $50 move- the upside move will not be more than $40( 10$ lower than the straddle)- that is why straddle buying is a losing startegy for PCLN!
The bid ask spreads are ridiculous- almost 50 cents are more- the MM's are making a killing!
credit suisse has it $5.27 cents- the CEO clearly said they were being conservative with UGG guidance
if the purchased even 1 million shares they will do beeter than 5.27!
it is fashioable to short stocks- if this stock reverses- a move to 90 is not that hard!
straddles are not a smart strategy- unless you believe that this stock will move 50$!
if you insist on buying a straddle- sella oTm strangle against the straddle- this will reduce your cost or better still buy an out of the money strangle- in april the implied vols are a lot lower
other ways to play is doing doubled calenders- both put and call calenders!