Legendary stock picker Peter Lynch used to salivate over what he called 10-baggers — stocks that increased 1,000%. Admittedly, that’s incredible performance, but nothing compared to the track record of Priceline.com (Nasdaq: PCLN), one of the largest online travel booking websites. Over the past 10 years, this dot-com gem has rallied more than 9,000%. That’s a 90-bagger! Shares have skyrocketed, from split-adjusted lows near $10 in 2003 to their current multi-year high above $914. While the biggest… Read More
Legendary stock picker Peter Lynch used to salivate over what he called 10-baggers — stocks that increased 1,000%. Admittedly, that’s incredible performance, but nothing compared to the track record of Priceline.com (Nasdaq: PCLN), one of the largest online travel booking websites. Over the past 10 years, this dot-com gem has rallied more than 9,000%. That’s a 90-bagger! Shares have skyrocketed, from split-adjusted lows near $10 in 2003 to their current multi-year high above $914. While the biggest gains may or may not be behind it, short-term traders can still profit. According to Morgan Stanley (NYSE: MS), there’s still plenty of upside potential. In fact, shares could be the first dot-com to surpass the $1,000 mark — a feat not even Google (Nasdaq: GOOG) has achieved.#-ad_banner-# Because of a growing appetite for travel based on the improving economy, Morgan Stanley has set a price target of $1,010. Technically the stock… Read More