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Travelzoo Inc. Message Board

  • magiceng78 magiceng78 Dec 9, 2004 3:11 PM Flag

    giving up my SHORT position

    took a while to fight for these shares due to demand, but I'm just gonna cover for a loss here. The news don't matter here, the stock is following a trend and with the market still in its bullish stage, this trend will not be broken.
    Just draw a line from the first breakout and follow it. As simple as it is, it's a very powerful way to look at TZOO and just go with the flow. The drops that you see are nothing more than, although pretty drastic, pullbacks for profits. This stock just formed another bullish setup, and there is no point fighting it.

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