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ZAGG Inc Message Board

  • bears_bulls2007 bears_bulls2007 Dec 2, 2012 10:51 AM Flag

    Tech Update

    it would appear a floor has been created at the $7.00 level with resistance next at $8.15 per share, once longs break this resistance the next target to hit is $8.51... this is where it becomes real exciting for longs... at $8.51 the largest part of the short position is set to cover which will trigger massive buying...the lawsuites are just noise now and will not have any financial impact on the company as the exposure was $250K and insurance covers anything above this level... the $250 was accounted for in earnings last quarter.... all the shorts have now to rely on is dissapointing sale/earnings and if it was felt last Q was a disppointment longs are in good shape.

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