Zoom Technologies Inc. (ZTNO)

[coltsfan322]

Good post. I am loving zoom in this position.

You are so right about the short interest. That is about 5-7 percent of the float. With nearly 1 million short as of Jan 31 2012. The price on that day closed at $1.36. The shorts have not had the price dip much lower then that since, nor have they had the volume to dump all of the million some odd shares. We have seen solid support in the low 1.30's and this isn't going much lower. considering the last short count was when the pps was at 1.36 ....we are looking very solid. Shorty tried hard the last two weeks to bring this down, including the weak paint job at the end of Friday to make it seem as if it dipped past the 1.30ish support. But when this thing gets some volume....the shorts are going to get squeezed hard and fast. If the price stays at our curent support, of the low 1.30's, for much longer, this will finally get the attention it needs to send the volume through the roof. I'd like to think it will happen before the close of this friday coming up. The chart is looking that way, at least to me and IMO.