I just sold 45 Expedia (EXPE) shares at $23,44 each. April 11, 2007Posted by deminvest in EXPE Expedia, growth stock, Internet stocks, my free stock, stock I own, stocks.
Why? Because of my Free Stock Strategy
I had bought 60 Expedia shares in November 2006. This stock went up 40% so fast that in 5 months I got all my money back and will keep my free 15 EXPE shares worth $350 in my Portfolio.
I am glad that my $1000 are back safe in my pocket, because I do think that hotel booking is a very simple service and eventually it will happen free of commissions.
Expedia will have a hard time as soon as projects like Hotel Coalition gain momentum. I don’t think that when we are booking an hotel should pay a 10% commission to a simple service like Expedia. I think all the money should go to Hotel owners to help them provide us with better (and cheaper) service.
Until the World changes to a low cost place, I hope my remaining 15 EXPE shares will continue going up.