Priceline Is Having a Fire Sale
It was an ugly session for Priceline Group Inc (NASDAQ:PCLN) on Tuesday after the stock cratered over 14% on weak forward guidance for the fourth quarter.
Having followed PCLN stock since it was trading at low single digits in 2003, the meteoric rise in Priceline stock has been impressive to witness.
But instead of running for the exits, I view the sell-off as a buying opportunity to accumulate shares of this best-of-breed online travel provider at a cheaper price.
The reality is that if you had sold Priceline stock each time the price tanked, you would have forfeited the staggering gains that subsequently followed.
The.
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It was an ugly session for Priceline Group Inc (NASDAQ:PCLN) on Tuesday after the stock cratered over 14% on weak forward guidance for the fourth quarter.
Having followed PCLN stock since it was trading at low single digits in 2003, the meteoric rise in Priceline stock has been impressive to witness.
But instead of running for the exits, I view the sell-off as a buying opportunity to accumulate shares of this best-of-breed online travel provider at a cheaper price.
The reality is that if you had sold Priceline stock each time the price tanked, you would have forfeited the staggering gains that subsequently followed.
The.
Den vollständigen Artikel lesen ...