TIVO stock, LGF stock and ZAGG stock are 3 small caps around $10 or less that
Im looking to swing trade soon. As a small cap swing trader, there are 3 types
of charts I play consistently which are oversold, continuation patterns and
breakouts. TIVO stock is a pending breakout play as is LGF stock whereas ZAGG is
a bottom bounce. I already scored ZAGG for 10% last week and will look for entry
again off a continuation pattern if it sticks. These patterns work , I locked in
24% or roughly $6,000 on Hyperdynamics (NYSE:HDY) last week ( see video )
swinging the same pattern as ZAGG recently illustrated. TiVo ( NASDAQ:TIVO )
provides technology and services for television solutions, including digital
video recorders (DVRs) and connected televisions in the United States and
internationally. TIVOs earning call is Wednesday February 29th and their current
short interest is 7.12 days to cover reported on 12/15/2011. Shares of TiVo
spiked Wednesday January 4th after the digital video company reached a patent
settlement in which AT&T Inc. will pay it at least $215 million through June
2018. Rumor is Verizon could be next and this leads me to believe TIVO is poised
to breakout above $11 in the short term which would surely squeeze a boatload of
shorts accelerating the move. Lions Gate Entertainment ( NYSE:LGF ) is an
entertainment company, engaging in the motion picture production and
distribution, television programming and syndication, home entertainment, family
entertainment, new channel platforms, and digital distribution activities. LGFs
earnings call is Monday February 6th and their current short interest is 7.82
days to cover reported 12/15/2011. LGF is nearing a deal to buy Twilight movie
producer Summit Entertainment for about $400 million, two people familiar with
the matter said on Sunday. I believe LGF is poised to breakout again like it did
at the end of September. There should be a solid squeeze to help fuel the move
if shares run above $9 this week or next. ZAGG Inc. ( NASDAQ:ZAGG ) designs,
manufactures, and distributes protective coverings, audio accessories, and power
solutions for consumer electronics and hand-held devices under the
invisibleSHIELD, ZAGGskins, ZAGGbuds, ZAGGsparq, and ZAGGmate brand names,
primarily in the United States and Europe. ZAGGs earnings call is Monday March
12th and the reported short interest is high at 11.19 days to cover from the
last settlement date of 12/15/2011. I played the oversold bounce on ZAGG
perfectly last week locking up a solid 10% swing and am looking to swing ZAGG
again off this continuation pattern. I believe $9.50 is a reasonable goal if the
$7.50 range holds during this consolidation phase.
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