ZVUE (nasdaq) - more upside possible?

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  • mystiky
    Senior Member
    • Dec 2004
    • 333

    ZVUE (nasdaq) - more upside possible?

    ZVUE has certainly had great couple of weeks. I was watching it runup from $2 to $7.50. By the time I tried shorting some (around $7), there were no more shares. I really thought that this would be a 3-5 day wonder and would slowly "crawl back" to the $2-$3 levels.

    Well, now it looks to me like ZVUE wants "higher" and quite possibly revisit the $7.50+ level, if not higher. I also noticed that ZVUE is now almost impossible to borrow and it has landed itself on the Nasdaq "Naked Shorting" reg SHO list. The float here is around 6 million shares on ZVUE. Volume has been higher on the upside.

    I have always been afraid of the "buy high and sell higher" theory, but lately I have learned that there is nothing wrong with that.

    Here is a compilation chart of whats going on. I think that there is strong support around $5.



    As always, would love to hear opinions from others on my ZVUE thoughts.
  • IIC
    Senior Member
    • Nov 2003
    • 14938

    #2
    Originally posted by mystiky View Post
    ZVUE has certainly had great couple of weeks. I was watching it runup from $2 to $7.50. By the time I tried shorting some (around $7), there were no more shares. I really thought that this would be a 3-5 day wonder and would slowly "crawl back" to the $2-$3 levels.

    Well, now it looks to me like ZVUE wants "higher" and quite possibly revisit the $7.50+ level, if not higher. I also noticed that ZVUE is now almost impossible to borrow and it has landed itself on the Nasdaq "Naked Shorting" reg SHO list. The float here is around 6 million shares on ZVUE. Volume has been higher on the upside.

    I have always been afraid of the "buy high and sell higher" theory, but lately I have learned that there is nothing wrong with that.

    Here is a compilation chart of whats going on. I think that there is strong support around $5.



    As always, would love to hear opinions from others on my ZVUE thoughts.
    Who needs it???

    ZVUE's ZP3, the new definition of boringDAP http://wireless.engadget.com/2006/11...-of-boringdap/
    "Trade What Is Happening...Not What You Think Is Gonna Happen"

    Find Tomorrow's Winners At SharpTraders.com

    Follow Me On Twitter

    Comment

    • jiesen
      Senior Member
      • Sep 2003
      • 5319

      #3
      Originally posted by IIC View Post
      Who needs it???

      ZVUE's ZP3, the new definition of boringDAP http://wireless.engadget.com/2006/11...-of-boringdap/
      true. these things are becoming so cheap there's really no money left to be made. I just bought 3 MP3 players (2GB capacity) for around $20 each off the shelf in Osaka.

      Comment

      • mystiky
        Senior Member
        • Dec 2004
        • 333

        #4
        Zvue

        Originally posted by jiesen View Post
        true. these things are becoming so cheap there's really no money left to be made. I just bought 3 MP3 players (2GB capacity) for around $20 each off the shelf in Osaka.
        Since does a chartist care about what the company does? I was only asking about the chart.

        Also, if you read the news releases, you will find out that ZVUE also boughts dorks.com, which is like youtube / break.com

        Comment

        • New-born baby
          Senior Member
          • Apr 2004
          • 6095

          #5
          Originally posted by mystiky View Post
          ZVUE has certainly had great couple of weeks. I was watching it runup from $2 to $7.50. By the time I tried shorting some (around $7), there were no more shares. I really thought that this would be a 3-5 day wonder and would slowly "crawl back" to the $2-$3 levels.

          Well, now it looks to me like ZVUE wants "higher" and quite possibly revisit the $7.50+ level, if not higher. I also noticed that ZVUE is now almost impossible to borrow and it has landed itself on the Nasdaq "Naked Shorting" reg SHO list. The float here is around 6 million shares on ZVUE. Volume has been higher on the upside.

          I have always been afraid of the "buy high and sell higher" theory, but lately I have learned that there is nothing wrong with that.

          Here is a compilation chart of whats going on. I think that there is strong support around $5.



          As always, would love to hear opinions from others on my ZVUE thoughts.
          The chart is bullish, bullish, bullish! The chart doesn't lie. That bullflag signals a climb to $19+. Buy the chart, sell the rest.
          pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

          Comment

          • IIC
            Senior Member
            • Nov 2003
            • 14938

            #6
            Doesn't help much that Cramer bashed this company FWIW
            "Trade What Is Happening...Not What You Think Is Gonna Happen"

            Find Tomorrow's Winners At SharpTraders.com

            Follow Me On Twitter

            Comment

            • mystiky
              Senior Member
              • Dec 2004
              • 333

              #7
              Originally posted by IIC View Post
              Doesn't help much that Cramer bashed this company FWIW
              When did he bash it? Cramer is not allowed or never talks about stocks which have a marketcap of under 100 million. You have probably mistake his rage about the ZUNE (Microsoft player).

              ZVUE marketcap is only 42 million.

              Comment

              • IIC
                Senior Member
                • Nov 2003
                • 14938

                #8
                Originally posted by mystiky View Post
                When did he bash it? Cramer is not allowed or never talks about stocks which have a marketcap of under 100 million. You have probably mistake his rage about the ZUNE (Microsoft player).

                ZVUE marketcap is only 42 million.
                Actually I didn't hear it...But some guy posted that on another forum...Maybe he was mistaken???...Doug
                "Trade What Is Happening...Not What You Think Is Gonna Happen"

                Find Tomorrow's Winners At SharpTraders.com

                Follow Me On Twitter

                Comment

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