thought on DIVX?

[gferrets]

any? I'm thinking about taking a position some time soon. Is it still heading down, and should I wait? Seems to be pretty oversold to me.

[zyzzyva57]

Bad chart!

http://stockcharts.com/h-sc/ui?s=DIVX&p=D&b=5&g=0&id=p27971891090

I wouldn't touch the stock until it hit $32

[Pinguin]

I would agree the chart is ugly, but it may be prime for a turn. I would wait for a bounce in the $18.50 area or just wait until it is back at $18. Even though this is a great video standard it just doesn't look like a great stock.

[gferrets]

why do u say it looks like a poor stock?

[Luc1Grunt]

May see a bounce today....and a good one. But I would not look at this longer term until it finds a place to base or consolidate. My $.02. It will be on my bounce list today.