Today we are buying TIVO, which just released earnings yesterday:
TheSUBWAY - Blog:
http://stock-promoter.thesubway.com/thesubway-clients/tivo-is...
TiVo Inc. (Nasdaq: TIVO), the creator of and a leader in television services for digital video recorders (DVRs), today reported financial results for the second quarter ended July 31, 2008.
"This was another solid financial quarter for TiVo as we continued to improve our financial profile by posting substantially better than guided Adjusted EBITDA of $10.6 million and net income of $2.9 million," said Tom Rogers, President and CEO of TiVo. "During the quarter, we made significant progress in several key areas of our business: in terms of our mass distribution strategy, Comcast has reaffirmed its long term support for our partnership as evidenced by its roll-out in Connecticut; our international footprint continues to grow with Seven's successful introduction of TiVo to the Australian market; and on the standalone side of the business, with the recent addition of YouTube content delivered right to the TV set, our vision of creating the ultimate television dream machine is coming to fruition as subscribers now have access to the broadest array of content, options, and features in the world, delivering consumers what they want, when they want it."
The STOCHASTICS are in good position for an entry point:
Our DAILY chart is looking good:
The 15 MINUTE is just starting upward momentum:
Our WEEKLY chart is showing an upward trend:
Our PHILS X1 is showing support at $7.90 with resistance at $8.00. So TIVO is currently above its resistance point and we are entering a stop just below $7.90:
Our Phils X2 is also indicating institutional buying coming into TIVO. We will watch the volume closely and will anticipate continued increased volume if the institutional buying continues. So far this morning the volume is looking relatively good considering the vacation weekend and notorius light volume:
$8.24 (08/28/08)
