Thursday, November 18, 2004

Travelzoo CEO Reports Share Sale : "Traders who've sold short the company's stock have been waiting for Bartel to begin cashing in, hoping it would take some of the air out of the balloon. With about 80% of the company's 2 million available shares currently sold short, there are a lot of traders hoping for the Travelzoo bubble to burst."—

With TZOO shares down 12% on the day, it looks like the shorts don't have to wait any longer.