3SOF

After a double breakout I expect TZOO to reach my target at $45 which is the closing of a gap, so I'll hold TZOO.

TZOO has those rallies during the session because the short interest in this stock is huge, 40% of the float 

I guess those shorts will have to cover way up until $45. It's a natural thing to be short TZOO, because it went up so much in 2004. It is a natural thing for shorts to have a difficult life in the market, even when they're right.

So I'm keeping TZOO.

TZOO has been trading on a tight range, between $35 and $38.6. An exit from this range will give further indication to price direction. Since we've had a bullish breakout a few days ago and there's an enormous short interest I continue to believe that after this consolidation phase TZOO will trend higher and reach $45.

TZOOdidn't hold up in the face of an expected downturn in the general market that probably just began. There's reason to believe the decline in this stock will continue for the short term, at least.

TZOO was trading in a tight range between $35 and $38. It got out of this channel in a bearish way. I have to sell the stock at tomorrow's open, taking a small loss.

TZOO sold @$34.05

I know David sold this morning, but I'm wondering if you guys are still in and what your thoughts are regarding this stock.  I realize David's trading style is different and his entry point was higher so I understand his reason for selling.   Do you think this is a major shakeout before another move up?  TIA

I understand TZOO is being added to the Russell microcap index at the close today.  How would something like that impact the pps?  Would that explain the pullback on the low volume this week?  Institutions getting in at a lower price?

Austin, where do u see that listing news?
thanks

This is the link.  Hope I am interpreting this correctly.  But TZOO is on the list.

http://www.russell.com/US/Indexes/US/Reconstitution/microcap_adds.asp

may be forming a cup 2handle...lets see if this pans out

its extremely dissapointing that it did not run.

i got stopped out, taking a 11% loss.
but it ended a day with a rally tho, dont know what it will bring next week.

The close is still within the flag pattern.  I'm thinking this is a major shakedown only becasue the volume has been about 1/2 avg. on these down days.

Quote from: eliteG on June 24, 2005, 04:04:36 PM
may be forming a cup 2handle...lets see if this pans out

its extremely dissapointing that it did not run.

Yeah, but it wasn't all bad. 

I like the fact that TZOO put in a bullish-looking doji star hammer on Friday (needs upside confirmation), and the fact that TZOO appears to have validated the trendline connecting the lows of May 11 and June 14 by banging off it, and rallying to close near unchanged.  It penetrated that trendline slightly to the downside, but I would allow for that since the stock had a very strong close, and especially since TZOO trades like an animal let out of the zoo (it dropped $1.50+ in only 5 minutes late Thursday afternoon).

After you connect the recent lows described above, draw a parallel line connecting the recent tops, May 12 and May 24, then extend it on out.  It could be that we're only trading within a bear flag: higher highs and higher lows, that eventually gets broken to the downside.  If we break below Friday's bullish-looking doji star hammer low of 32.60, that very well could be what we're looking at.

If we print above Friday's high of 34.60, I'd view that as a big plus.  It would suggest that, even if we're trading within a bear flag, we're probably going to rally toward the top of flag, currently slightly above $40.00. 

MACD looks good.  It's above zero, its above its signal line, and its headed back toward the signal line.  If it bangs higher from above or near the signal line, that's usually a good sign that the stock is going higher.

I don't have a position in TZOO, but I'm probably going to buy it on Monday if we get a print of 34.61, a tick above Friday's high. That's called a buy pivot.  I won't buy a big gap up, though,. 

My stop if I buy: a CLOSE below Friday's low of 32.40, which appears to have been a trendline validation.  If we close below that, it clearly wasn't a trendline validation, and I want out of the stock, because that's why I'm buying.  My plan will have gone wrong.  Sell.

Risk on the trade: roughly 5.5%.  (2 point loss, divided by the 34.61 entry...could be a little higher or lower).  This is not a recommendation to buy TZOO.  Do your own due diligence and take responsiblity for own decisions.  Good luck to everyone who has a position in TZOO.

I like the analysis Melf Elf  (applauded)

I think we dont want to forget that time is money, though, too.  There are better patterns out there...

hmmmm.. Travelzoo is worth $35 a share nowadays??..

As I recall, when Travelzoo first debuted in 1998 or so they gave out free shares for people to visit their website.. I think it was 3 shares per per person or something.. and ofcourse I registered for the free Travelzoo shares being a college kid at the time..  so my shares are worth $100+ now if I kept up with those free shares? lol.. I find that amazing- (although I don't recall ever getting those shares)