Replies to post #84518 on Zeev's Turnips Patch-No Politics (ZEEV)

[Plugger301]

Barron's this week takes a look at EXPE, here is a taste.

"The Icarus of the Internet

IS EXPEDIA FLYING too close to the sun? If you pine for the frothy days of the boom, check out the online travel service that was launched by Microsoft but now is controlled by Barry Diller's USA Interactive. It will transport you back to less sober times. Expedia shares soared 17% in February and are trading at around 70, up 85% from their 52-week low of 37.70 on Oct. 10. Expedia is trading at 30 times projected earnings for 2003. To steal a phrase from the late, great Fred Rogers of children's television fame, can you say "bubble," boys and girls?"

[michael03332002]

Your right, the conditions are ripe, BUT dont you think with the short interest that HIGH, that most of those positions are held by the very same institutions/hedge funds instead of JOE PUBLIC??

Would be somewhat self defeating to initiate a short squeeze on yourself???? I am just wondering if the institutions are downsizing thier long positions OR are they downsizing their short positions? I mean valuation HAS to count for something or they would have already taken this thing to over a $100 per share by now, right? The stock has been repelled at the $70.50ish range a couple times now at EOD. Just having a tough time interpreting what that is signaling???

Have looked back at the chart over the last 3-6 months and this stock has some WILD swings to say the least.....

M