TravelZoo (TZOO) Stock Tanks

Shares of TravelZoo Inc. (TZOO) took another leg lower today with no news out from the company. TZOO stock will have support at $28 followed by $24.23. This appears to be capitulation in my opinion, possibly the final leg down. A lot of people who have failed to sell on these strong rallies are now throwing in the towel. If you are looking to buy TZOO, you may want to wait about 3 1/2 weeks when they report earnings.

TravelZoo Inc. (TZOO) is expected to report record revenue but there are a lot of unknowns as far as earnings are concerned.

I plan to buy TZOO stock for a trade on the next break up through the high of the day. For my long term account, I have one final buy I will be making in the next few weeks as long as the price remains below $30.

If you are trading TZOO, buy the big dips, sell the rips. If you are planing to hold for the long term, make sure you can stomach another 10-30% move lower. This stock is crazy but the company is good!