Three weeks ago I noted that $Z (Zillow) was forming a meaningful bottom at the $71 area and was poised to head back over $80 per share.
Today the stock closed at $83.66.
I also said a move back to triple digits was coming. That will likely have to wait until early 2014. The stock is clearly gaining momentum and we've seen how explosive it can be when buyers drive it up. Also, keep in mind that short interest is back at March 2013 levels. At that time, the stock was trading for $50 per share. The shorts continue to get this stock wrong and I don't expect that to change anytime soon.