Stock Market Analysis – 08-03-2010
As doubtful as I am, we’re still in a definite uptrend. Despite the bad economic news, stocks like PCLN continue to top expectations. I wouldn’t go heavily long right now, but the weakness from the bears in seizing negative opportunities makes me doubtful that we’ll see any significant drops in the near future. The only good signs for bears that I see is the declining volume through the uptrend. Maybe we’ll see some selling off, but I’d probably keep a fairly short leash and take early profits on down turns now.
priceline.com (PCLN) – 03-12-2010
If you were unlucky enough to buy PCLN on the initial breakout mid February, you may have gotten stopped out. With strong earnings and a surprising balance sheet ($800M+ cash and <$200M debt) it’s worth a look again now that it’s back above support. How can you not bet on Shatner?