Tuesday, August 7, 2012

Priceline Follows the Negotiator

Priceline announced a crappy outlook and crashed 15% on the news. Perhaps Shatner had a rope around his waist when they shoved him off the cliff in his last ad for them. The company followed him into the abyss.

OK, the company sees problems. Or for other stocks that fell, they had a bad quarter.

But hasn't this been happening A LOT lately?  Just recently - Zipcar, Sealed Air, Aeropostale to name just a few.

Serious punishment. And if it happens enough the indices will follow. It's just math.

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