3SOF

DIVX broke key support yesterday at $22, and failed to get back above it, putting in is lowest close in 3 months.  I think that looks pretty bearish right now, and it may be good for a short trade.  Of course the problem is that DIVX is already down over 30% from its highs, and the breakdown of the descending channel would have been much better.  Still, it looks to me like it has completed the second H&S top, and is currently gapping lower.  A move below the recent 21.44 low will cause real problems for DIVX, as there is not a lot of support below, and virtually all owners of DIVX stock will be underwater and feeling the pinch.

Cramer also gave DIVX a "sell" so we may see further negativ knock on from that.  Good luck with your decision if you are still holding Amarens, I would be very careful at this juncture.

enter 300 shares at 20.62. 

Going Long......

i have been reading this thread and I can see that you guys are chicken pussy investors. 

you start selling out when it dropping big time but for me, I'm going into it.

and fuck Cramer. 

when he say sell, you buy.

DIVX put in a solid reversal candle yesterday, closing up over 7%, above Friday's high and well into Thurdsays candle.  Currently poised at $21.  Looks like it should rebound to $22, but remains to be seen whether it can break this level and make a sustained positve move.  I covered my short yesteday and went long at $20.24.

DIVX moved out of a big descending wedge pattern.  Would be nice if some volume kicked in now but the chart is definitely looking better....

Another positive day Friday for DIVX.  Made a bit of money on this one on both the short and long side, but obviously missed th major moves both up and down.  Right now I would like to see DIVX close above 22.70 resistance.  I think this would signal that it wants to make up some of its lost ground and push back to the $24-25+ trading range.

I dumped it with some loss. Should have waited from some time.. earnings coming this week 

Had a great run yesterday. Looks like an upward swing trend is in play here. Anyone have any ideas if it has a shot at a nice run like it did back when 3SOF recommended this stock? I enjoyed that run and would buy in if I could do a better job at reading this chart.

double bottom @ 18.52 & 18.58$?

DIVX update:
DivX "buy," target price reduced

Friday, February 09, 2007 5:59:41 AM ET
Montgomery & Co

NEW YORK, February 9 (newratings.com) - Analysts at Montgomery & Co maintain their "buy" rating on DivX Inc (ticker: DIVX), while reducing their estimates for the company. The 12-18 month target price has been reduced from $28 to $27.
In a research note published this morning, the analysts mention that the company has reported robust results for the December quarter, with revenues marginally and EPS significantly ahead of the estimates. DivX has issued weak revenue guidance for the March quarter. The company is expected to continue to invest in order to boost its long-term growth prospects, which is likely to exert pressure on its pretax income in the current quarter, the analysts say. The EPS estimate for 2007 has been reduced from $0.53 to $0.51.

hey oliver,

Here's my take on DIVX:  It does look like DIVX may be bottoming here, and we can see positive divergences in most of the technical indicators (RSI, MACD, CCI) from the January and March lows.  Currently, 20.80-82 is the key horizontal resistance level.  A break of this level would put our W-bottom target of 23.06 IN PLAY.  A break above here also looks like it would be a significant break of the recent downward trend that has formed a large wedge since just after DIVX started trading.  This large wedge would have an approximate target of $34, however, I am not too convinced by this formation. 

Fridays candle does look signicficant however, and the price is now clearly above th 13ema, which is just staring to point upwards.  Horizontal resistance looks to come in at 20.80-20.90, $22, $23.10 and $24-24.20.  The tricky one is setting a reasonable stop.  A stop at 18.50 would provide conservative protection, but would also expose you to quite a bit of risk.  A tighter stop just below 19.25 would give a risk of about 6% from friday's close, which is better, giving about a 1:2 risk:reward ratio on a move to the 23.06 target.  I think I would aim to buy between 20.20 and 20.30, or on a break of 20.80, and move my stop up to just below 20.20 as quickly as we see price continuation.

All in all, I quite like the potential here. 

DIVX should rebound for good now.............30's here we come


Divx Sees Better 1Q Profit, Revenue
Monday April 9, 4:48 pm ET 
Divx Predicts Better-Than-Expected 1st-Quarter Profit, Revenue


SAN DIEGO (AP) -- Video compression software maker Divx Inc. on Monday raised its first-quarter revenue and earnings outlook above Wall Street expectations, sending its shares sharply higher in the aftermarket session.

According to preliminary results, the company said it expects its earnings to be flat to up compared with its fourth-quarter results of 21 cents per share. Previously, Divx had said its profit would be flat to slightly down.

Divx also forecast revenue of between $19.8 million and $20.2 million for the quarter ending March 31. In its previous guidance, the company had said its revenue would be between $17.3 million and $19.3 million.

Analysts polled by Thomson Financial are looking for a more modest profit of 13 cents per share on revenue of $18.7 million.

Co-founder and Chief Executive Jordan Greenhall said the rise in earnings and revenue was due to more consumers choosing their products.

Divx shares climbed $2.50, or 12.4 percent, to $22.60 in aftermarket activity, after closing at $20.10 on the Nasdaq Stock Market.

DIVX should rebound for good now.............30's here we come


Monday April 9, 4:48 pm ET 
Divx Sees Better 1Q Profit, Revenue
Divx Predicts Better-Than-Expected 1st-Quarter Profit, Revenue


SAN DIEGO (AP) -- Video compression software maker Divx Inc. on Monday raised its first-quarter revenue and earnings outlook above Wall Street expectations, sending its shares sharply higher in the aftermarket session.

According to preliminary results, the company said it expects its earnings to be flat to up compared with its fourth-quarter results of 21 cents per share. Previously, Divx had said its profit would be flat to slightly down.

Divx also forecast revenue of between $19.8 million and $20.2 million for the quarter ending March 31. In its previous guidance, the company had said its revenue would be between $17.3 million and $19.3 million.

Analysts polled by Thomson Financial are looking for a more modest profit of 13 cents per share on revenue of $18.7 million.

Co-founder and Chief Executive Jordan Greenhall said the rise in earnings and revenue was due to more consumers choosing their products.

Divx shares climbed $2.50, or 12.4 percent, to $22.60 in aftermarket activity, after closing at $20.10 on the Nasdaq Stock Market.

DIVX chart look yummy   

I jumped in this morning at $23.25.......Let's see what comes out of it near term.  Key resistance will be about ~$24.25

Time to make some money!!

DivX "buy"

Thursday, April 19, 2007 2:30:57 AM ET
Montgomery & Co

NEW YORK, April 19 (newratings.com) - Analysts at Montgomery & Co maintain their "buy" rating on DivX Inc (ticker: DIVX). The target price is set to $30.00.
In a research note published yesterday, the analysts mention that the company is integrating its latest windows software with Intel's Media Series motherboards. This would result in the expansion of DivX's footprint in the consumer electronics markets, the analysts say. Montgomery & Co adds, however, that the company's unit volumes are expected to remain low in the near term.

Just noticed DIVX is down badly today, saw they posted improved earnings, did they guide lower or something?