Zeev's Turnips Patch-No Politics (ZEEV)

[MyHunch]

Good Morning Zeev and all. I see the ramp up job going on in EXPE!! To quote from their own earnings report, "Expedia reported a profit of $21 million, or 33 cents per diluted share, in the fourth quarter, compared with $5 million or 8 cents per share in the December-ending quarter a year earlier.
The company forecast net earnings of $118 million, or $1.76 per share on $845 million revenue for 2003, including first quarter profit of $16 million, or 24 cents per share, on $186 million revenue".

As I read it, it is a profit warning for the first quarter compared to the 4th quarter since they are predicting 24 cents per share Vs. 33 cents this quarter. The 'crooks' have given the earnings report as much positive spin as possible and also have padded it with the split and stock repurchase gimmicks etc, but I was hoping that Wall Street saw through these ploys. However, the 'crooks'/analysts/ Legg Mason has joined in the band wagon and has upgraded the stock today. Normally with any other other stock, with the CEO leaving for 'unexplained' reasons and a report as yesterday's, the stock would have tanked really hard.
I guess EXPE will have more upside today based on all the 'hype' that is surrounding it, but for those shorting this stock, I believe that you may be getting a good opportunity between today and tomorrow, particularly if the Market and the Comp tank to 1220 levels near term. I have them lined up for better entry levels (g)!