One of the stocks I don’t touch with a ten-foot pole is Priceline. Yesterday afternoon, during my TastyTrade show, I was asked to chime in on this stock. I said I thought it would be higher today, based simply on the fact that it was sporting a very similar pattern than the one it completed in February 2012.
Well, earnings came out, and the stock slumped, so I figured I’d look like a bit of a dork on today’s show. But, for whatever reason, the stock did in fact open higher today, and I think – – as before – – higher prices are probably ahead. William Shatner’s fortune is probably based far more on PCLN stock than it ever was on Star Trek.
