Priceline…

This Guy is Rich

Wow, Trekky.  Not hating, just saying… this is CROX 2009, HANS 2008.  High growth companies, heavily shorted, but surprises on earnings after earnings.

Priceline claims to have a competitive advantage over Expedia and Orbitz in the emerging market areas.  While that may be a way for you to look left, Priceline’s real domination is at home.  But even their CEO likes to water it down by acknowledging that a decline in the economy in Europe and a possible recession in America would significantly affect their earnings.  Hence the heavy shorting.  But, this has been the same story over and over.  A CEO that promises little, an economy that looks so gloomy, especially for an industry like the airlines… enter the short selling.  PCLN will be a nice short-squeeze study for new investors.  Can you point out the buy points?