obviously a very good day for zagg, but the real question is whether this bounce will stick or will the short seller positions be able to turn the rally into another slide? if the short side has positions worth $50-70 million to protect they might be willing to fight the rise. or maybe this is finally going to be the short capitulation. my guess is that the short side puts it back down for year-end selling and that due to wash sale rules, the short side is in play until mid-late january. i'm also hoping for another chance to buy more at a lower price, but that may not happen. either way, i am long term very bullish on zagg
It is fantastic to see ZAGG management finally standing up to the shorts and fighting back directly on the market. I see tremendous upside pressure over the next 6 months, with the new CEO and refinancing with Wells Fargo helping to eliminate the "shady books" accusations, the basket of new products being announced early in the new year, the continued expansion into various channels in NA and Europe, the big 4Q we know we are having. Not to mention the hidden sucker punch called HzO that may pay big dividends for ZAGG in 2013.