PCLN

This last week was a difficult week for Duck Brothers investing. My stock pick of the week ended in a big disappointment. MIPS hit the $16.03 buy point on Monday with increase volume, up by 148%. The stock decreased over the next three days, trending down toward the 50 day moving average. I still believe in the stock, because the fundamentals look great and it’s above the 50 day moving average. In fact the stock over last week created a cup with handle which is William J. O’Neil’s most talked about base. Continue watching this stock it’s going places.

Since the inception of this Blog Duck Brothers investing has analyzed four stocks. The stocks are LULU, INFA, BIDU, and MIPS. LULU after hitting the buy point has run up 47.02%. Implementing William J. O’Neil’s 3-to-1 sell rule we sold at a 24% profit. An example of the 3-to-1 sell rule would be selling at an 8% loss or a 24% profit. This is what we did with LULU. INFA has gone up 7.88% since the buy point. BIDU never hit the buy point and MIPS decreased 8% hitting our sell rule. So far we have picked two winners one loser and a dud.

This week we will talk about Priceline (i.e. PCLN). Priceline is an online travel agency specializing in economical tickets and packages. PCLN is making a five week flat base. Its buy point is $428.20 and its current price is $400.64.