Closing Priceline(PCLN) – Travelzoo(TZOO)

By: IS
Date posted: 12.04.2009 (5:00 am) | Write a Comment (2 Comments)

Print This Post Email This Post Post a Comment

priceline1 Yesterday’s action was brutal on one of my short positions, Amazon. While it is paired against Baidu (which is up a reasonable 9.56%), Amazon’s surge is creating problems. I am now down 7.45% on the trade. I probably miscalculated the impact of having all of those websites/media talking about Amazon as the best pick to play the holiday online shopping. In any case, I still expect this trade to reverse.

The good news however is that I am closing another successful trade at today’s open as my trade on the online travel industry featuring Priceline and Travelzoo worked out well and closed yesterday at +23,14%!

Actually, Priceline gained over 8% while Travelzoo declined more than that.. so a good call!

Will post final price later today!

2 Comments »

Comment by IS — December 6, 2009 @ 6:20 pm

Closing prices were:

PCLN: 223.89$
TZOO: 14.12$

Final return on this trade: 24,45%
Pingback by Intelligent Speculator | New trade: Long Ebay(EBAY) - Short Monster (MWW) — December 7, 2009 @ 5:01 am

[...] closing my trade on Priceline/Travelzoo Friday morning, I was now ready to take on a new one. I was looking at the two dozen companies that I currently [...]