June 17, 2009

CONSIDER SHORT SELL ON $EXPE ( EXPEDIA) , $PCLN (PRICELINE) AND $OWW(ORBITZ)

Recent court rulings in Georgia and the state of Washington may force EXPE, PCLN and OWW to pay millions in damages and uncollected taxes. With state budgets in trouble, every state is going to go after theses companies for unpaid sales taxes and occupancy taxes. Not only market participants underestimating the potential taxes due, there also seems to be under appreciation of the impact of taxes on ongoing profits.

Consider scaling in short sell positions in EXPE around $15.6, PCLN around $ 110.40 and OWW around $2

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CONSIDER ADDING TO SHORT SELL POSITION ON $BBH RIGHT HERE AROUND $93

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CONSIDER TIGHTENING ON REST OF SHORT SELL COAL POSITIONS $BTU AND $CNX

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CONSIDER ADDING TO SHORT SELL POSTION ON $AMGN (AMGEN) AROUND $52.58 AND ADD MORE AS STOCK GOES HIGHER

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CONSIDER LIGHTLY TAKING PROFITS IN OUR SHORT SELL COAL STOCK POSITIONS IN $BTU AND $CNX

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