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When Is It Time To Short TZOO?
TZOO is now up about 79% this week. I can't believe how it just keeps climbing.
At what point will it peak and make a good short, and why? Any ideas? Anyone?
At what point will it peak and make a good short, and why? Any ideas? Anyone?
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—Rob -
I'm just sick that I don't own it! I wouldn't go near this thing short right now.Originally posted by RobBEEF!... it's whats for dinner! -
Well, we've got a few facts to look at.Originally posted by Rob
1. Yesterday and today's bullflag says that $48 is coming . . . .
2. Looking at the weekly for the life of TZOO shows us that once it was a $110 stock, and that TZOO has significant resistance at $40.
3. This bullflag is way overbought. There has to be a retest of the $29 marker next week, imo.
4. A short on this hot shot should be a day/swing trade. You could easily get run over by this freight train.
5. Frankly, I'd be looking elsewhere for my shorts. How about the QQQQs?
Short weak stocks that exhibit some strength. Remember, bears live below the 200 day, and bulls above it. TZOO is not yet running out of steam. TZOO is not weak at this time.
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NO shares available to short!
I just tried to short TZOO (for the fun of it).... Guess what? NO shares were available to short!BEEF!... it's whats for dinner!Comment
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Greetings,
Sounds like a short squeeze all over again for this one.
cordially TomComment
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Greetings,
Just did a quick check on yahoo,40% of the float is short as of last month,with 6 days to cover.
I remember Spike doing an EW count on it way back in the $50s when it was going up,and targeted +$100 for it.Im assuming its in the 1 if its going to repeat?
cordially TomComment
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