October 10, 2013

PROFITS KEEP ON BUILDING ON ZAGG, PROJECTIONS LOWERED $ZAGG

This post was just published on ZYX Short Change Alert.

The ZAGG position is short from $13.85 and 35% of the full core position size is being held.  Profits have previously been taken as low as $4.73.

ZAGG sees Q3 revenue about $50M, consensus $53.98M and expects gross margins to exceed 44% and adjusted EBITDA to exceed $10.0M.

In the after-market the stock has fallen as low as $4.  Consider taking profits on a 5% tranche around $4.  After this profit taking 30% of the full core position size will be held.

Consider a stop in the zone of $7.06-7.13.… Please click here or the title below to read more.

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EXIT OR PARTIAL EXIT $XLP $P $STJ $SPY

This post was just published on ZYX Short Change Alert.

Our algorithms that have been carefully monitoring potential of further short squeezes between now and the year end have just given a signal that the probability of a major short squeeze between now and the year end has significantly increased.  In view of this signal, consider exit or partial exit on a number of positions.

Going forward, the plan is two folds:

1. Initiate or add to the positions being exited now at higher prices since the fundamentals of these positions remain poor.  In other words, the exits are simply a short-term tactical move with the intention of reestablishing these positions at higher prices.… Please click here or the title below to read more.

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