Jun. 16 at 11:59 AM
$TRIP Yesterday gave us a clear picture of both sides. Bulls got a major catalyst with the
$700M all-cash TheFork sale, pushing TRIP as high as
$14.20 intraday. However, profit-takers and shorts fought back, and the stock closed at
$12.50 despite massive volume of 13.5 million shares.
To me, this wasn’t a victory for either side. Bulls proved the upside potential, while shorts successfully defended it for now. The next few trading days will be key: if TRIP can hold the
$12.3–12.5 area and rebuild momentum toward
$13–14, pressure on shorts could increase significantly.
