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Priceline (PCLN) Negotiated a Buy Price of $644.80 For Me & Position Updates



July 17, 2012 – Comments (0) | RELATED TICKERS: PCLN , NFLX , CIE

Thanks to the discovery by @thetradingwife, I ended up taking a long position in Priceline (PCLN) and now I'm forever cursed the rest of the day with the "Price.Line.Neg-o-ti-a-tor!" theme song. 

The two things about this trade that interests me most is the breakout of the 3-day consolidation pattern of late, and the solid amount of price(line) support at $630. 

So I took a long position at $644.80, with a target at $681 and a stop at $630 (when the share price is this high, I don't fret about exact pennies). 

As for my position updates...

NFLX turning a bit worrisome - but still keeping my original stop in place, AGU continues to reign as my portfolio superstar of late, CMG I'm looking to book the gains of the second half of my position later today, KKD could be sold if we push into the $6.80's/90's and CIE/TPC pretty much have little to nothing to report on. 

Here's the Trade Setup in PCLN

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