I think ZLC is way oversold at this point.
When November/December sales numbers come out in mid January it will clearly show the turnaround is progressing. I have been buying more on the pullback and plan on buying a substantial amount Monday morning. I think we are gonna close out the year with a rally back close to 5.
looking 12 months out, i think it will be a double from this point.
A reasonable notion, on the stock eventually doubling....but I would not call it "way oversold", at this point. I would call it merely "oversold." (I think you could call $3.60 as considerably oversold...and $3.35 or less as "way oversold.")
In any case, I think, either way, looking to increase one's position here, on the last one or two trading days of the year, seems like a wise strategy.
But I'd also like to know what makes you so convinced Nov/Dec sales results are going to be so solid?
From What I hear, sales has been a little light this december. I know they will pick up a free day in december because of how Christmas day falls this year. I am hoping the company can eek out a small increase over LY figures. I do know it started out a little slow. I hold a few hundred shares, sold most of mine into the rally. If the company does not show a decent increase I am afraid the stock will get hammered.