May 2, 2013

ZAGG FALLS AFTER EARNINGS, CONGRATULATIONS FOR THOSE WHO STUCK WITH THE TRADE $ZAGG

This post was just published on ZYX Short Change Alert.

ZAGG is  an example of how it pays to slowly and cautiously build short positions in popular stocks with poor fundamentals.  ZAGG was the darling of the stock market when we started shorting it.

The present ZAGG position is short from $13.85. Profits have previously been taken as low as $6.70.  Over a long period of time, significant profits have been booked by trading this position.  50% of the full core position size is being held.

Our long-standing target zone has been $3 to $5.  Today in the after hours the stock traded as low as $4.73 and now has moved up to $5.10.… Please click here or the title below to read more.

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FACEBOOK TRADE UPDATE AFTER EARNINGS $FB

This post was just published on ZYX Buy Change Alert.

20% of  the full core position size is being held from an average price of $25.77 for the medium-term.  Profits were previously taken on the associated short-term trade.

FB earnings were a mixed bag.  Mobile was better than expectations but desk top was worse than expectations.  There is no doubt that mobile is more important but losses in desktop are not a good development.

We are in a market where good news is great news and bad news is good news.  The result is that FB stock is trading up to $28.91 as of this writing.… Please click here or the title below to read more.

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