This post was just published on ZYX Short Change Alert.
There are reports that Spotify will introduce a free iOS app for streaming music. This means competition for P is increasing.
What To Do Now?
Those in the stock may consider adding a 5% tranche in the zone of $12.73 to $13.50.
Those not in the stock may consider building up to a 20% position in the zone of $12.30 to $13.50.
Temporarily no stop due to high volatility. Target zone is $4 to $5.
Caution: due to heavy short interest, this stock is subject to short squeezes. Therefore it is important to limit the quantity to 20% of the full core position size. Further, those who are not experienced or cannot handle short squeezes may consider not entering this trade.
