SeaChange International (SEAC)

Company

"SeaChange International, Inc. provides digital video systems that are changing television. Its powerful server and software systems enable television operators to provide new on-demand services and to gain greater efficiencies in advertising and content delivery. With its Emmy-winning MediaCluster technology, thousands of SeaChange systems are helping broadband, broadcast and satellite television companies to streamline operations, expand services and increase revenues. SeaChange is headquartered in Maynard, Massachusetts and has product development, support and sales offices throughout the world." (company website)

Buy

15-Feb-06. My prior lot of SeaChange is doing quite well, being up about 9% over the purchase price. I decided to add to my position today.

• Price momentum (PPO) — leveled off
• Trend (ADX) — constant and buying pressure (+DI) is still above selling pressure (-DI)
• Money flow (CMF) — now positive and continuing to improve
• Relative strength (RSI) — still positive and stochastic RSI (stochRSI) has pointed up again
• Volume — volume move yesterday after pull-back

Sell

15-Mar-06. Just last week Market Edge was calling Seachange International a "buy" at a "good entry point" due to being oversold. Thank goodness I resisted the urge to buy yet another lot! SEAC reported earnings yesterday and disappointed The Market with a much bigger loss than Expected. Accordingly, the stock was severely punished today.

I had held on after SEAC got slammed a week ago, and it looked as if it might recover. However, the disappointing earnings report put the nail in that coffin. Ouch! I dumped both lots of SEAC before any more damage could be done.