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    16 May 2008
    PriceLine Negotiator
    william-shatnerI was recently stunned to find out that PriceLine.com(PCLN) was a $5.3 billion company. I see the commercials every week and figured that since the economy was in bad shape, they were just trying to convince people to travel. But in reality, they are spending their advertising dollars to fuel the biggest bull run I have seen in a internet stock in some time.

    I had always compared PriceLine.com to a Interactive Corp.(IAC) style company. One of those sites that is owned by a parent company and just never really gets anywhere. Turns out, PCLN has been ramping up its international sales and buying a couple international travel sites to stay ahead of the US meltdown.

    Their recent positive earnings have sent this stock soaring into uncharted territory. While there is seriously no way you can get short a trend like this, how long can a web company in such a competitive space remain so bullish? I am going to keep it on the radar just to make sure I am there when it falls. The video below does an excellent job of analyzing PCLN's chart.

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