Chart watch - TZOO

Quote from rcj:

they may be setting up to be bought What do you
think of that idea??

.... rj
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Difficult to say. I think the problem is that TZOO is so small relative to the likes of GOOG or YHOO that a buyout may not make sense. Then again, I suppose that one of the bigger companies could buy TZOO, then pump some megabucks into the concept to generate larger revenue streams than TZOO does currently.
 
Here is what i would like to see...

another Q of revenue/earnings growth.

get the vol up over 150k/day avg ... at least.

maybe expand the subscriber base 20%...use that cash!!

get the UK business stable.

....... rj
 
Quote from GlobalFinancier:

Interesting. If it breaks above $20 sustained, a small long position could be established. Add more if it breaks $27.5...
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I was thinking more like $19 or so, but otherwise I agree. I need something more decisive than the current action before I will actually open a long position. Things look good, but it still looks like the stock could go either way.
 
i think you odds going long will be higher if you pick a stock that is at or near its 52 week high on increasing volume close to its break out point.
 
Quote from dac8555:

i think you odds going long will be higher if you pick a stock that is at or near its 52 week high on increasing volume close to its break out point.
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Would you consider AKAM to be a good example of what you are describing? I've started reviewing charts on pretty much a nightly basis and setting alerts for myself. AKAM is breaking above $27 as I write this (and no, I didn't trade it, been watching another stock).
 
Quote from dac8555:

i think you odds going long will be higher if you pick a stock that is at or near its 52 week high on increasing volume close to its break out point.
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Actually, Thomas Bulkowski did a study that spanned over a few years and a few thousand chart patterns.
He found chart patterns that broke out within a third of the yearly low did much better than those that broke out of new highs on average.
I think the breakout/new high works much better with CANSLIM stocks that have great fundamentals...
 
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