Let’s talk about Zillow (NASDAQ:Z).
I have had mixed results with it, but I’ve mostly made money on it. When it comes down, it comes down hard.
Look at the chart (watch the video clip above). It looks ugly, but look at how much it was up Thursday, and on convincing volume.
Last quarter they blew away the Street, beat the estimate by 140%. Now, they have missed two of the last four quarters. Inconsistency, some questions about the company, maybe valuation.
I like it a lot. Here’s the irony -- it can go to $100 and still be in the down channel. That would be great for a trade, obviously it’s very volatile.