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Tuesday, April 12, 2005
TravelZoo?
As someone who made their share of boocoo profits in TravelZoo (TZOO) last year, I'm still surprised that I get email from readers asking my opinion about this one. Here's just three reasons why TZOO is no longer on my trading radar: 1) last year's big winner is frequently this year's big loser, 2) a nice well-developed head-and-shoulders pattern (see blue circles below) is in place, and 3) look at that nasty downtrend which still shows no signs of being broken. With plenty of good stocks not acting well, why would I ever waste time trading this loser?

Posted by Kirk at 11:57 AM in Charts | Bookmark | Feeds | Link |