Expedia does it

If you have read my note yesterday, you'd know that I am not too happy with the market action lately. This morning, I simply did not even bother looking at the computer. I knew it was set up to be a boring day. I just wanted to check in at 3:30pm to see if there would be any follow up by the big boys (wall street institutions). Nope. No such luck either.

So, I went shopping for an ultra comfortable recliner for myself. What I am looking for is called the "Black Chaise Leather Recliner" - once you step into it - you will fall asleep in two minutes. It is the ultimate TV watching chair as well as afternoon napping chair (yeh!). All men deserve one of these. And then I saw the "Human Touch Robotic Leather Massage Recliner" by Sharper Image. Hmmm - what to do...

Oh, by the way, there was a typo on last night's note.
RICK will report earnings next Monday (8/14). I meant to say EXPE instead of RICK. Expedia (EXPE) came out with the numbers and it was quite good. How good? The stock closed yesterday at $13.82 and this morning it opened at $15.18 going as high as $15.64 (+13.2%) finally closed at $14.65 (up +6.01%). Now, our EXPEZ went as high as $5.60 (+26.7%) but closed at $4.93 (up +11.5%) for the day, with about 6x the normal volume.

If you had kept up with my blog the last two weeks or so, you would have noticed that I wrote about EXPEZ several times. I personally bought this on four separate occations, lowering my average price to $4.37/share. Now, I feel bad that I did not buy more two days ago in the $3's.
Acetrader owns 3,000 shares of EXPEZ so I feel OK. How about you?
Let me repeat once more for you, just in case.
My target for EXPEZ is close to $10 per share! Enough said.

PRZ also came out with earnings today (we sold this two days ago at $1.97). Although EPS was good, revenue numbers were so so. The stock fell and it is now at $1.80/share. To be sure, PRZ still offers value - it is just that the mojo is gone for now. We will come back later to catch this at lower price : )

I understand that sometimes it seems too much to follow all I am saying. Believe me, it only takes few minutes a day to follow this blog - and I hope this is worth few minutes of your time. It will be more fun if you connect with me through the comment section below. If I can assist one person to better control his/her finance, thus their future, I would feel better knowing I am sharing this with you. Good nite.

P.S: EXPE goes up +6% then again EXPEZ (this is what we own) goes up +12% ! Hmmm - now do you see why I advised you to buy EXPEZ instead of EXPE directly? You're welcome!