Vince Martin's  Instablog

Vince Martin
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I am a stand-up comedian, writer, and long-time investing aficionado. I even had to chance to open for CNBC's Jim Cramer on his college tour. I had a front-row seat to the 1999-2000 dot-com bubble at a small brokerage in NYC, and I now live in Oklahoma, still deathly afraid of Internet stocks,... More
  • Time to Short Tivo Again? 0 comments
    Sep 1, 2011 2:52 PM | about stocks: TIVO

    Back in July I criticized rumors of a Tivo acquisition and recomended a short on the stock. Indeed, the stock ran all the way down near the $7 mark in August before rebounding sharply with the broader market and good earnings. The chart:

    Tivo Chart
    The stock is now once again at resistance around $11 -- is it time to short again?

    Second quarter earnings beat guidance, but they still represented a net loss of $17 million, and third quarter guidance includes guidance of a loss of $27-$29 million. It's very possible Tivo will repeat the pattern from May-July, where it dived quickly once the enthusiasm faded. No doubt the recent rally was in part aided by short covering, so the question going forward is where the buying momentum will come from, at least until Tivo announces that it's lost more money.

    Disclosure: No positions, no positions will be entered Thursday or Friday. 

    Stocks: TIVO
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