TZOO - Sector: Services---Industry: Internet Information Providers

[Melf Elf]

Thx for the analysis guys.  I suppose there are better opps. out there right now.

Yeah, I think so.  Same bearish behavior in TZOO today.  The high of the day, which was at the bottom of the broken bear flag (resistance), was near the open, and it got sold into.

http://ts-lc.sc8.finance.lycos.com/1120021277500?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:TZOO&Interval=D&Permission=1000&Ht=400&Wd=600&Display=2&Study=MACD&Param1=12&Param2=26&Param3=9&FontSize=10&LocaleID=0x0409

[bula]

Not to beat a dead horse with you Melf, but we are seeing opposites on this one as you know.  Although TZOO has not committed to any breakout yet, every day that goes by with the price staying above 32, the stronger the support seems to build - an more importantly that 50-day held.  As such, it'd be hard to not be bullish on a stock that severely corrects for months, gets it's first real bounce, uptrend on the MACD and holds the key 50-day number. 

You can also note the increasing base that is forming at the 33 level (highers lows daily).  With short interest so high, a close above 35 should start the ball rolling in a big way.

Cheers. 

[Melf Elf]

Not to beat a dead horse with you Melf, but we are seeing opposites on this one as you know.

No problem, bula.  Arguing is useless. Disagreement is healthy.  We disagree 

TZOO has been banging away at the bottom of the broken bear flag.  It makes a high in the morning (probably some of the shorts you mention, covering) then it fades, and has closed below the broken bear flag for the past three days. 

It's acting the same way today.  It rallied early this morning toward the bottom of the flag , but with the market still having a decent day so far, TZOO has faded from being up $0.37 to down $0.09, currently.   

You can also note the increasing base that is forming at the 33 level (highers lows daily).  With short interest so high, a close above 35 should start the ball rolling in a big way.

Yes, it's also not going down much, so that's a plus.  MACD has made a bearish cross of the signal line, and is headed toward zero.  If TZOO can rally back into the flag, MACD will turn up from near zero, which would be another plus, and TZOO could head back to the recent high of 38.75, and toward the top of bear flag, now at about 41.16.

The bottom of the rising  broken bear flag looks to be about $33.80 for today.

Good luck, bula!  Hope you make some nice $$$ 

http://ts-lc.sc8.finance.lycos.com/1120021277500?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:TZOO&Interval=D&Permission=1000&Ht=400&Wd=600&Display=2&Study=MACD&Param1=12&Param2=26&Param3=9&FontSize=10&LocaleID=0x0409

[Melf Elf]

Bula,

Hopefully, this chart will do a better job of explaining my take on TZOO.  Sorry, but you'll have to use the horizontal scroll bar at the bottom to see the right side of the chart.

[eliteG]

I knew the chart would be awesome    keep the pizzas coming (applaud)

[setravis]

I have a complaint about this chart .....I do not like to scroll!

[eliteG]

I have a complaint about this chart .....I do not like to scroll!

yea  who does he think he is? making us scroll .. LOL 

[setravis]

Yea....That's what I would like know,who does he think he is?
Hopefully he can get this morphed up situation under control.
But I did notice that he has his nested formations well defined!
This lad seems to be learning. 

[Melf Elf]

Sorry about the scrolling guys!   I agree.      
It really is a pain in the butt 

[setravis]

Earnings:

------------------------------------------------------------------------------------------------------------------------------
NEW YORK, Jun 28, 2005 (BUSINESS WIRE) -- Travelzoo Inc. (TZOO, Trade) today announced that its financial results for the second quarter ended June 30, 2005 will be released on Tuesday, July 19, 2005.

-- Earnings Release: Before market opens on Tuesday, July 19 by public distribution and on Travelzoo's investor relations Web site at www.travelzoo.com/ir.

-- Live Conference Call: 11:00 am EDT on Tuesday, July 19 via Web cast, which can be accessed through Travelzoo's investor relations Web site.

-- Conference Call Archive: Following the conference call, an archived Web cast will be available for 90 days on Travelzoo's investor relations Web site.

[Adam]

Does this have legs??  When is earnings??

[Adam]

Anyone have an opinion?  This could be a quick monster.

[Melf Elf]

Anyone have an opinion?  This could be a quick monster.

Avoid.  It's quick, and it's definitely a monster right now.   

I'll post a chart in the main file, so we can keep our comments in one thread.

[Melf Elf]

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.  Yesterday, it broke out above a short-term down trendline and got to 34.00 by 10:00AM (green arrows), but it couldn't manage to close above it. 

Today, it rallied to a high of 33.32 at 9:45AM, back above that green down trendline, but it's now at 31.66, down $0.80.  This is the same bearish behavior that TZOO has been exhibiting for awhile.  Quick to rally, then sideways to down.  That isn't characteristic of a stock that's making a bottom. 

On earnings day, it opened on its low of the day and rallied for the rest of the day, but it also broke below June and July horizontal support.  It had the look of a reversal day, but lousy follow-thru, at least so far.

It needs to establish support.   For now, it just looks to be trading erratically, probably being tossed around by the day traders.

[Adam]

Excellent analysis.  Please let me know if the situation changes, I don't want to miss this train.  Also, any thoughts on FLIR???