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ZAGG Inc Message Board

  • bears_bulls2007 bears_bulls2007 Nov 20, 2012 3:39 PM Flag

    Longs Take Control

    Who is selling 100 and 200 hundred shares. There is only 7,000,000 shares floating out here and available.... last report I saw shorts interest was around 8.3 million shares although this was as of 10-31 so do the math... shorts do not have enough shares floating around to cover... hold your shares long.. you control the price

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    • AVG Share volume has decreased over the last yr. Hence volitale swings. When a short cover begins it will be HUGE. As volume decreases the potential impact from covering swings way more to the positive. So as nasty as the shorts are with regard to covering this stock will explode and gap up big time when covering begins. It will take one large institutional buyer, a stock repurchase program or a new product to cause this.

      Sentiment: Strong Buy

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