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Priceline.com shares are too Pricey

posted 514 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke

Priceline.com Incorporated (NASDAQ:PCLN) shares are now over $100. Unlike Expedia (EXPE), PCLN's strong European sales helped them bring in $417 million for Q3 07.  The analysts are now on board, upgrading and giving the thumbs up to new price targets in the $110 range.  But with the American economny in turmoil is it reasonable to assume Priceline shares can stay above $100 in 2008? Get real America, of course not.  The traders that made this stock are preparing to break it. Joesph Hargett at Schaeffers points out that data from the International Securities Exchange (ISE), some 2,189 puts were bought to open during Monday's (11/12) trading, compared to just 333 calls bought to open. The resulting single-session put/call ratio indicates that roughly 6.5 puts were pur

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