Are You Ready to Gamble on EZPW ?

Painfully, EZPW opened this morning with a downward spiral.  Hitting an intraday low of 25.82 at about 11:00 am EDT; now, two hours into the trading day, with close to six times the average trading volume it is selling at 26.07.

The question is:  are we willing to take a gamble and buy into a possible over reaction looking for a correction and an oversold condition?  If you  believe in the "Dead Cat Bounce" theory, it may be worth taking a chance.

Cancel All Buy Orders on EZPW !

Yesterday EZPW stock looked promising.  This morning, after last night's disappointing earnings and future outlook, the price could see a 5.75% drop in early trading.
At this time I would take a wait-and-see stand.  Hopefully none of the readers jumped and went long on this one.

EZPW Looks Promising

We have been following EZCORP, Inc. (EZPW) for close to six months. During that period, our opinion on its future performance has improved thus giving us a buy signal.

EZCORP, Inc. provides specialty consumer financial services. The company offers pawn loans on personal property, including jewelry, consumer electronics, tools, sporting goods, and musical instruments.

The following are a few observations that may prove to be positive signs for EZPW:

Improving chart pattern
Stock price ready to rise above the 50 day moving average (now at 31.28)
P/E at 12 Average daily volume at 295,000 (a bit low for my taste)
Earnings pre share have risen for over the past seven years
Low debt

Selling this morning at 30.69, I feel this is a good entry point for the stock.

Watch List Will be Published Monthly

Due to the amount of time necessary to research and publish the "Weekly Watch List" and the short term view, I have revised the schedule so it can be included in this blog on a monthly basis thus showing a more realistic and accurate result.


Recap for the week of 10/16/09:

on 10/16------------------on 10/23

AKAM 21.80-------------21.50 (down 1.40%)
ATW 39.29---------------38.81 (down 1.24%)
EZPW 14.07---------------14.06 (down .01%)

New list will appear around the beginning of each month.
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Watch List for the Week of 10/19/09 - Last Week's Recap

Stocks to watch for the week of 10/19/09:

AKAM-----21.80
ATW------39.29 (Going strong)
EZPW-----14.07 (May resume uptrend)


Recap for the week of 10/12/09:

on 10/12------------------on 10/16

ATW 37.70---------------39.29 (up 4.22%) A winner as of late.
EZPW 14.34---------------14.07 (down 1.88%) Slight pullback.
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Watch List for the Week of 10/12/09 - Last Week's Recap

Stocks to watch for the week of 10/12/09:

ATW------37.70 (Still a favorite)
EZPW-----14.34 (Ditto)


Recap for the week of 10/5/09:

on 10/6------------------on 10/9

ATW 34.55---------------37.70 (up 9.12%) Jackpot!
EZPW 13.57---------------14.34 (up 5.67%) Nice return.
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Watch List for the Week of 10/5/09 - Last Week's Recap

Stocks to watch for the week of 10/5/09 (as of 10/6/09):

ATW------34.55
EZPW-----13.57


Recap for the week of 9/28/09:

on 9/28----------------on 10/5

DOX 26.40---------------25.89 (down 1.93%) Not so good.
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Watch List for the Week of 9/8/09 - Last Week's Recap

Stocks to watch for the week of 9/8/09:

ATW 28.32
COV 39.60
DOX 24.91


Recap for the week of 8/31/09:

on 9/1-------------on 9/4

EZPW 13.37---------12.63 (down 5.53%)
KBR 22.65-----------21.81 (down 3.71%)
PFE 16.70-----------16.39 (down 1.86%)
SEPR 18.15----------22.82 (up 25.73%) Luckyyyyy!!!

One pick (SEPR) saved our week.
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