Five and Under

[XenaLives]

TZIX - temporarily under 5. Highly held by insty's and insiders, looks like an inventory run by the MM's to me.

Insty bought 500,000 @ 5.50 in the morning just before the 2pm dump and another large buy last Friday.

If I am reading this right - 80% of the stock is insty & insider
http://biz.yahoo.com/p/t/tzix.html

What I saw yesterday and today was very little block selling. The only block that went below 5.50 yesterday was 86k at 4.60 near close, which looked like a sacrifice to keep the stock down for the day. Today at least 2/3 of the blocks were above bid and the two largest blocks were at good prices. I think they are just chasing out the riff raff so to speak...


It looks like a run down to replenish inventory for the MM's.

I was hoping for some comment on their financials as I am better at chart reading than book keeping.

These are the charts I like:

http://www.bigcharts.com/custom/datek-com/datek-rt2.asp?osymb=orch&symb=tzix&time=10dy&f...

http://www.bigcharts.com/custom/datek-com/datek-rt2.asp?osymb=tzix&symb=tzix&time=1yr&fr...

Second graph shows pattern of trading in the 4-7 range with Nov-Dec solidly within the EMA band. This may be final capitulation for this stock.

http://www.bigcharts.com/custom/datek-com/datek-rt2.asp?osymb=omg&symb=nt&time=1yr&freq=...

http://www.bigcharts.com/custom/datek-com/datek-rt2.asp?osymb=nt&symb=sepr&time=1yr&freq...

Note in the above two instances, working throught the EMA's seems to be necessary for recovery.

Please note - these are just my ideas and observations on the stock, I welcome questions about my reasoning because I still am learning.

Another note - I tried to post the actual charts and it didn't work, sorry.