Stock Market Intraday Chat: May 7 - May 11 - Page 25
I was fully expecting PCLN to deliver great quarter (they did), but just like everything else it's selling off. I was thinking this would gap up higher then finally sell off but this just sold off right away. This was one of better earnings too so where does this tell you things are going? Only thing that worries me now is big ben.. we get him out of the way and it's time to party again
$PCLN http://Priceline.com prelim $4.28 vs $3.98 Capital IQ Consensus Estimate; revs $1.04 bln vs $1.04 bln Capital IQ Consensus Estimate
It's just too easy to manipulate. I could dump tons of shares in several lots right after the close and then put an order to buy back on the fear and panic of people assuming I got the news first. Then the stock is down for no reason and it has to fight its way back up on good news.