ZVUE has certainly had great couple of weeks. I was watching it runup from $2 to $7.50. By the time I tried shorting some (around $7), there were no more shares. I really thought that this would be a 3-5 day wonder and would slowly "crawl back" to the $2-$3 levels.
Well, now it looks to me like ZVUE wants "higher" and quite possibly revisit the $7.50+ level, if not higher. I also noticed that ZVUE is now almost impossible to borrow and it has landed itself on the Nasdaq "Naked Shorting" reg SHO list. The float here is around 6 million shares on ZVUE. Volume has been higher on the upside.
I have always been afraid of the "buy high and sell higher" theory, but lately I have learned that there is nothing wrong with that.
Here is a compilation chart of whats going on. I think that there is strong support around $5.
As always, would love to hear opinions from others on my ZVUE thoughts.
Well, now it looks to me like ZVUE wants "higher" and quite possibly revisit the $7.50+ level, if not higher. I also noticed that ZVUE is now almost impossible to borrow and it has landed itself on the Nasdaq "Naked Shorting" reg SHO list. The float here is around 6 million shares on ZVUE. Volume has been higher on the upside.
I have always been afraid of the "buy high and sell higher" theory, but lately I have learned that there is nothing wrong with that.
Here is a compilation chart of whats going on. I think that there is strong support around $5.
As always, would love to hear opinions from others on my ZVUE thoughts.

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