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• Las Vegas Sands: Hey, big spender

  Posted Apr 30 2009, 08:32 AM by Minyanville
  Rating:
  Filed under: stock market, Priceline, economy, Todd Harrison
  Money Blog: Top Stocks Blog - MSN Money

  Greetings from New York, where my obsession with Sandy (Las Vegas Sands (LVS)) shows no sign of abating. I sell some, jump back in and vow to hold, then get mornings such as this, where the stock is up over 10%, the calls (as my boy Ryan Krueger observed) are selling huge, and I’m right back on the swing set at the drive-in theater, pining for the shares I’ve sold.

  And, fine, Danny broke up with Sandy because of peer pressure, and I’ve just been taking profits. Stop hassling my metaphors, and let me focus on the note I have to hit at the end of this song. Love and discipline hurt, that’s all I’m saying, okay?

  Wait, I’m also saying that I’m selling, but still long, Sandy, Wynn Resorts (WYNN) despite staying quick on the trigger by taking profits in the gaps higher and ruing the shares I sold before this morning. Shorting here seems loonier than a Joe Biden screed, but maybe that’s just me. The objective ugliness of all these “better-than-expected” earnings reports suggests that today is more about squeezing the guts out of those betting against the 870-875 resistance than a fundamental bottom here.   Read More...

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• Expedia: Priceline cuts have no effect on us

  Posted Nov 07 2007, 04:29 PM by Kim Peterson
  Filed under: Priceline, Expedia
  Money Blog: Top Stocks Blog - MSN Money
  Expedia CEO Dara Khosrowshahi responds to Priceline's decision to permanently slash its $5 airfare booking fee:

  "We've gone for about a quarter with Priceline and Hotwire not having fees on air tickets. As I think you see by our results today, the number of air tickets that we've sold this quarter were up 15% on a year-on-year basis...From a defensive standpoint, it hasn't had an effect on us."   Read More...

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• Priceline drops fees. Will Orbitz react?

  Posted Nov 06 2007, 12:49 PM by Kim Peterson
  Rating:
  Filed under: Priceline, Expedia
  Money Blog: Top Stocks Blog - MSN Money

  Priceline is permanently cutting its airline ticket booking fees, a move analysts say could hurt Orbitz the most. Investors seem to agree: Priceline shares barely moved today, while Orbitz shares plunged 14%.

  Note that the fee cut only applies to published prices, and not the name-your-own-price service that Priceline is famous for. 

  Citi analyst Mark Mahaney thinks this is a big score for Priceline that will give it a competitive advantage until others do the same. The cut, he says, is "a new negative overhang for the financial health of the online travel agent industry."   Read More...
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