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Travelzoo (TZOO) could be set for a bounce today after Benchmark tipped off that Travelzoo Local...

Travelzoo (TZOO) could be set for a bounce today after Benchmark tipped off that Travelzoo Local Deals surged at the end of Q2. Shares have been mired in a sideways path since April.
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Comments (6)
  • silky1996
    , contributor
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    Contrary to the news from Benchmark TZOO is in the midst of a low volme meltdown. Hovering around the low for the current year its hard to get buying to come in. Only a surprise rally can reverse the downtrend. Just a few days ago the chart didn't look to bad.
    For the week the stock is down $1.13 on low volme. Trying to get a stock to close up $1.00 or more on a given day from its previous close is a tall order.
    11 Jul 2012, 12:22 PM Reply Like
  • silky1996
    , contributor
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    Last Thursday the stock traded as high as $23.61 only to fall back to $23.05 +.10. FromThere we re in the fourth day of a meltdown.
    11 Jul 2012, 12:24 PM Reply Like
  • silky1996
    , contributor
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    Friday TZOO was down .15, Monday down .32, Tuesday down .41 and today down .57 and still likely to drop. Without serious buying and not just shortcovering the downside manipulation is in play.
    11 Jul 2012, 12:40 PM Reply Like
  • silky1996
    , contributor
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    Large bids turn up. when filled the stock drops again check out the
    bid of $21.60 to $21.61. Two points from Thursdays high. Could drop more unless some buying comes in. Benchmark is a market maker in TravelZoo. or is it a market breaker.
    11 Jul 2012, 01:17 PM Reply Like
  • silky1996
    , contributor
    Comments (561) | Send Message
     
    Technical anomoly. On the 20th of of July TZOOs 200 day moving average will drop sharply. This will cross the 50 day moving average if the stock doesnt crater anymore.
    11 Jul 2012, 01:23 PM Reply Like
  • silky1996
    , contributor
    Comments (561) | Send Message
     
    Tzoo moved up to 21.95 then the bid fell back like a cardboard floor.
    11 Jul 2012, 02:05 PM Reply Like
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