It truly depends on whether your view is near-term or long term. I personally cannot predict the near term movement on EXPE (eventhough I predicted on this board that EXPE would trade in the mid 50's by the 5th, and it traded at 55.80 yesterday), as this company has been known to 'hype' during their earnings report. I think a run back to the 61 62 levels is not unlikely, but it most certainly will fall much below the current levels, along with the market, if predictions by pundits and also our own Zeev(g) come true, for eg. if NASDAQ falls to 1222 levels. BTW, I have not taken new short positions today as of yet!
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