Long Position on TRIP @ $52.67 on 3/15/2013 (Momentum)

TripAdvisor (TRIP) is an online travel company. The firm provides trip advisory services. The company’s travel research platform aggregates reviews and opinions from its community about destinations; accommodations, such as hotels, bed and breakfasts, specialty lodging, and vacation rentals; restaurants; and other activities through its TripAdvisor brand.

It operates TripAdvisor-branded Websites, which comprise tripadvisor.com in the United States; and localized versions of the Website in 29 countries, including China under the brand daodao.com. In addition, it manages and operates Websites under 20 other travel media brands, providing travel planning resources across the travel sector; and engages in licensing its content. Further, TripAdvisor, Inc. operates tingo.com, a hotel booking site that automatically rebooks hotel rooms at a lower price if the rate drops and automatically refunds the difference to the travelers’ credit cards; and sniqueaway.com, a flash sale Website that provides limited time access to deals on hotels at deep discounts.

Shares have formed a bullish "flag" and higher prices are expected for this stock.

52-Week Trading Range:  $28.63 - $53.41

Entry Point:  $52.67

Stop Loss:  $50.05

Target Price:  $57.94

Updates

4/3/2013 12:55:02 PM

We lost TRIP to the downside. This is still a solid company. The position was closed at $50.00.

Position closed on 4/3/2013 at price of $50.00 with a -5.07% loss in 19 days.

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