Zion Oil & Gas Inc (ZNOG)

[tisdal]

Moses, another thought here is how much covering could have occurred on the big drop as all the stop loss orders that were set up by investors between 3.00 and 2.65 allowed for covering.

There may have been a rather large stop loss sitting around 3.00 that hit the market when that was reached. That in turn would have caused a severe drop and allowed the MMs to drop the price down and grab all the other stop loss orders that had been placed by investors along the way. It could have also been a strategically place short sell at market that allowed for the drop and subsequent stop losses to be executed and provide for covering.

I am not that market savvy, but IMHO, it could be what we witnessed.

Still holding all of mine. I learned that lesson a long time ago not to put in stop losses because I have had them execute and then got home only to find my stop loss had been executed and now the price was far above where I had my stop loss.

I know exactly how the investors who had stop losses between 2.99 and 2.65 feel. They are going to get on line tonight and see that their stop loss was executed and now the price is at 3.00. Darn it!