Travelzoo (TZOO +9.8%) shoots higher following Friday's news that Facebook plans to shut down its daily deals program, perhaps easing competitive pressure on industry leaders. But Travelzoo also has been a rumored takeover candidate, so a fresh round of speculation could be pushing shares.
Amazon is also jumping into this arena with their daily coupon alerts. Travelzoo is the originator of travel specials spread by email. I would think they have a great deal of value just in their email database alone.
Here is the chart. Kind of scary but that is because traders got into the shares and ran the stock up too quickly. I think this could easily move 20-30% higher if the market continues to rebound :
Monday, August 29, 2011
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