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Zillow Group, Inc. Message Board

  • acapulco_phil acapulco_phil Jan 7, 2013 10:16 AM Flag

    Z Moving up Sharply in a Down Market

    As those who have stayed the course with this stock can attest, moves of $2, $3 and even more in a single day are not unknown to this stock - and no surbi, I'm not talking about the down days.

    Sentiment: Strong Buy

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    • Nice stuff. Based on the volume chart, that's a VERY disciplined and paced set of buys (by Z standards compared to their charts over the past 5 weeks), and it all zeros right in on $32.50.

      It's too rich for anyone internal (at least $5m re-invested), so I'll wager it's an initial programmed short covering ahead of Jan 18th expirations.

      Is so (one Short feasting on another Short), the remaining question is: Will the other shorts pounce and push the recent movements back under $27 out of spite, or will they do nothing and wait and see, or will some of them begin their covers early too?

      My gut says this pulls back to $30, and we get a new channel of $29 to $33 for the rest of the month -- UNLESS Zillow puts out some actionable news.

      101% my worthless opinion only, and good luck to all,

76.52-4.98(-6.11%)3:49 PMEDT