3SOF

Quote from: Adam on July 22, 2005, 03:26:33 PM
Also, any thoughts on FLIR???

Sorry, I don't follow that one.   

With FLIR you may want to take a look at the T/A.  I can't seem to gain any interest on this and I have noticed this move quickly in the past.  I don't own any yet. 

Quote from: Melf Elf on July 22, 2005, 02:44:39 PM
TZOO can't get out of its own way.  It's struggling to find support.  It tried to find support at its 50DMA, but that failed.

 

Despite last reported short interest at a huge 46% of the float, TZOO fell to a new low for the year yesterday, closing at 26.62.  I used to wonder how that many people could be right about shorting a stock, but then I learned that "in a bear trend, the bears are right."

I'd love to catch a stock breaking out to the upside with that much short interest.   

Quote from: Melf Elf on August 11, 2005, 06:23:08 AM
I'd love to catch a stock breaking out to the upside with that much short interest.   

Rarely do I ever have "dumb luck" in the stock market, but that's what I had yesterday. 

The downside target for TZOO from the Bear Channel was MADE last week within a few pennies.  The next day, a Bullish Engulfing Pattern appeared.  Positive divergence in MACD showed up, then a cross above the signal line.  Short-term indicators, like RSI, looked very good.

On Wednesday, TZOO looked okay for a rally back to the down trendline near 24.00, which has been stiff resistance.  I bought it at 22.00 for a rally to 24.00.  Stop below the Pivot Day low of 21.31.  Not a great trade, but a 1:3 Risk/Reward and I've been watching for TZOO to make at least a short-term bottom, figuring  all of that short interest we've discussed would help to fuel a rally.

Wednesday night, my broker, Scottrade, reconfigured their web site, so I couldn't access the streaming quotes.  I spent hours yesterday trying to get the problem straightened out.  I should have placed a sell order at 24.00 since I couldn't watch the trades yesterday, but TZOO was only trading in the 21.80s when I check, so I didn't bother placing the order. 

As "dumb luck" would have it, when I checked near the close, TZOO was trading in the 25.80s on huge volume!!!   

News was a 300% surge in TZOO UK web traffic.  That could be one of those "fluff" press releases, but they also got 11 new advertisers, which could add to the bottom line.

As of August, 2005, 50% of the TZOO float was short, but alot of that could have been covered on yesterday's big volume.  Here's an article on the short interest and an opinion about the fundamentals:

http://hundredpercenter.blogspot.com/2005/09/travelzoo-art-of-short-sqeeze.html

Near-term resistance is 27.02 (the June low) - 27.20-ish (Declining 50DMA).

Quote from: Melf Elf on September 16, 2005, 06:42:43 AM

Near-term resistance is 27.02 (the June low) - 27.20-ish (Declining 50DMA).

TZOO gapped up to 26.65 at the open.  I sold at 27.00, at near-term resistance, and thank my "dumb luck."  I really didn't deserve that one.  Gain: 22.7.%

Is anybody here traded this Rocket --> TZOO already up 150% since since last week's low at 19.57?

Nope, kept thinking it would run out of gas. I'm considering shorting it now.

Quote from: Lucas Scott on April 24, 2006, 02:48:23 PM
Nope, kept thinking it would run out of gas. I'm considering shorting it now.

My hunch was right - I should have shorted. Would have been an 18% gain already. The 9 ema might be a good long entry point tomorrow ($37.97) if it gets there. 

Quote from: Lucas Scott on April 27, 2006, 02:41:28 AM
My hunch was right - I should have shorted. Would have been an 18% gain already. The 9 ema might be a good long entry point tomorrow ($37.97) if it gets there. 

Lucas, you were right..I should have take your advice (applaud)

Building a fast base now with a definitive uptrend

The actual float is so small as to make this play a genuine short squeeze in development

TZOO has shown certain charting characteristics that "lend some reliability" to the prognosis for an imminent upside breakout.  Targets, by my reckoning, are $55 to $60 & maybe a squeeze to $70, or so...

When she moves there is almost no way to catch this rocket after launch!

A breakdown from here ( about $29 ) to about $25 kills this plan

good trading to all...

willey

Original thread for TZOO

TZOO penetrated the 61.8% fibonacci retracement (daily chart)

But looking on the weekly chart price is hanging @ 61.8% fibonacci retracement level just above 50 sma (WS)... looks good

chart looks great and its ready to boom. im ready to buy some

A minor update!...........Since the markets have followed ( almost precisely ) the pattern for 1998 ( also, another 8yr. presidential cycle applying the "cycle pressures", of course ), we can expect the following to LIKELY occur.....

#1, imminent strengthening in the markets for a "fast rise" in a great many stocks ( to the complete dismay of a great many shorts ) that could approach this year's market highs...

===> Should prove to be relatively short lived ( few weeks ) I believe, much as July 1998 ended up on a sour note ( which got much-much worse in Aug.-Sept. of that year )

good trading to all...

willey