This morning, I will be closing 2 trades that are currently beyond their stop. One winning and one losing trade:
Jan 4th: Long Tripadvisor (TRIP) vs Short Yelp (YELP): This trade currently stands at -32.79% on the back of an incredible jump by Yelp following its latest earnings and specifically its decision to sell its Eat24 business to Grubhub.
March 16th: Long Priceline (PCLN) vs Short Travelzoo (TZOO): This one currently stands at +28,59% and its incredible how reliable of a play being long Priceline (PCLN) has been over the past couple of decades. Just stunning and I’d actually bet that will continue.