This post was just published on ZYX Short Change Alert.
The ZAGG position is short from $13.85 and as of this writing is trading at $4.84. 20% of the full core position size is being held. Profits have previously been taken as low as $4.00. Earnings that ZAGG just reported were significantly below the whisper numbers and the stock is down 28%.
ZAGG is in a commoditized business with ever-increasing competition. If the overall market comes down, there are significant profits still ahead on ZAGG short position.
What To Do Now?
Those in the stock may continue to hold.
Those not in the stock may wait for a signal on the Real Time Feed.
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