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Monday, September 13
Trader Mike wrote about TZOO the other day (The One That Got Away). Travelzoo first hit my Unusual Suspects list on August 16th when it had a huge day, up nearly 30% on 3 times normal volume. My first reaction was to short the puppy the next day, but there weren't any shares available to borrow (at least at my broker). The stock has nearly doubled since I first thought about fading it, so it's a good thing I wasn't able to follow my instincts. ;-) Yahoo is showing me that 37% of the float is sold short, so this stock is just killing players who are no doubt "right" about it being "overvalued." The fundamental analysts are absolutely correct about this business and have the losses to prove it! Meanwhile, Fuzzy hasn't drawn a down bar since it got long off the daily chart last April at $8.28. The lesson is clear: Don't Fade Fuzzy.
![]() TZOO, Daily Chart Posted at 18:41, GMT
The M.B.A. Degree Says Goodbye to Its Glory Days, by Matthew Lynn:
"The M.B.A. will still have some value, but more as office decoration than a useful body of knowledge. The British civil service, in the days of the empire, used to employ armies of classicists, not because they particularly needed people who could speak fluent Latin and ancient Greek, but because anyone who could master so much dull and useless information could probably turn their hand to any complex task.
Likewise, anyone who can put up with the boredom and expense of an M.B.A. will be a useful cog in any corporate machine. But there is no point in pretending they can actually run anything." This MBA couldn't agree more. Posted at 14:30, GMT
The only question I have after watching Thomas P.M. Barnett's PowerPoint presentation, "The Military in the 21st Century," is why are serious people listening to this smug, wise-cracking, ass-kissing goofball? (He keeps a blog so he can't be all bad.) Posted at 14:10, GMT
The coil scanner picked up SWIR. Sierra Wireless is pausing after having "popped" up after a little Test of Bottom around $16. Keep an eye on it to see if there's any continuation move.
![]() SWIR, 78-min. Chart Posted at 11:41, GMT
The ISE Sentiment Index again spiked to a high level last week which is bullish, but with the VIX this low I wouldn't read too much into it. If price reverses again below $110.78 in the VTI, we'll see another "lower high" on the weekly charts, for whatever that is worth.
![]() Vanguard Total Stock Market VIPERs, Weekly Chart Posted at 11:21, GMT
You can find last Friday's Unusual Suspects on the Unusual Suspects page. Posted at 11:11, GMT
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