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Wednesday, June 1, 2011

ZAGG

ZAGG is a stock I have been looking at ad nauseum for the last 6 months, without knowing what they do or even the name of the company (which, not surprisingly, is Zagg, Inc). Apparently they make, among other things, cases for the Ipad. No wonder this is getting so much volume.  (AIG outright to change their name to the Ipad Insurance Group, that will crush the shorts). The chart has all the hallmarks of a speculative stock - wide, loose prie action and a deep base. At this point it is really for the most nimble of momentum traders.

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