What is your opinion of owning TIVO stock and should I invest in it?

Question

What is your opinion of owning TIVO stock and should I invest in it?

Answer 1

Well, looking quickly at the chart, it appears TIVO has hit the support level of 7.50.  This after making a nice bounce from $6.00 back in July.  You can also see that the stock has strong resistance in the 9.00 range.  So you ask, is it a good stock to invest in?

The better question you might ask is what patterns should I use to make good trading decisions about TIVO. OR, what technical indicators work effectively with TIVO. Both of these question answer the biggest question every trader needs to answer before entering any stock - "Why should I buy this stock?" If you cant answer that question, then you certainly wont know how to know when to get out.

All of this are important components on any trade plan. A trade plan helps identify Where you Are, Where you want to go and How you want to get there? What chart patterns will you trade? How will you use technical analysis for confirmation of those patterns. What sector will I trade?

So, why do you want to get in TiVo? If you can answer that question, then you'll know if it meets your needs and risk requirements.

Happy trading,

Answer 2

You need to do some research on your own and see what the long range forecast is and what the history has been. You have to been willing to invest for long term and be able to weather the ups and downs of the stock market. You need to decide for yourself, not ask on this site. If you want real advise, ask a stock broker.