Looks to me like shares might be due a run soon Anyone any idea when the next company results are due?
This one is proving extremely difficult to predict, I thought the shares were initially consolidating in the mid-$30s but a break below support levels would suggest there might be more downside.
Is there a danger that in the longer term the value of Tripadvisor may be diluted by copycat sites? Personally I don't think so but the shares are certainly out of favour and look under real pressure. Not even a takeover rumour even at these levels!
As if by magic:- https://www.barrons.com/articles/tripadvisor-speculation-helps-fuel-a-jump-1517935703 I should do the lottery
That recent bout of takeover speculation seems to have disappeared with the shares falling back to $37.22. There is no smoke without fire, we have seen a couple of spikes in the share price over the last few months which would suggest that there are things going on behind the scenes. An interesting company with a large reach and potential retail opportunities - ripe for a takeover.
Tripadvisor is worth a buy now IMHO but for those not sure I would say a break through resistance at $40 would be a very bullish sign.
Seems like a bit of short term profit taking has kicked in - there will be a time to buy into this one for those who missed out the first time around. In my opinion it is only a matter of time before the company is taken out.
