Written by Michael Bigger. Follow me on Twitter and StockTwits.
Early Tuesday afternoon, I had the following exchange about Expedia ($EXPE) on Twitter:
$EXPE was down $1 on the day when I bought it. At the same time, $AMZN and $GOOG were up sharply.
Do you see the divergence pattern here? Our expectation was for $EXPE to rally after the seller was done dumping the stock. This happened at around 2pm. We unwound our position late in the day for a profit.