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70 cents today bear! Hope you didn't sell way too early. Still time to get back in because we are going over $1.00 shortly.
Surprisingly short volume way down yesterday! We may test 70 cents today... The short sale volume percent (not short interest) for stock ticker ZNOG is 36.97% on Oct 20, 2020. The short sale volume is 2,079,588. The total volume is 5,624,367. The short sale volume percent is down -5.09% compare to Oct 19, 2020. The Volume and short volume are limited. It is not including all volumes from all Markets:
Date Short Volume Total Volume Percent
2020-10-20 2,079,588 5,624,367 36.97%
2020-10-19 1,241,266 2,950,999 42.06%
2020-10-16 1,246,582 2,302,451 54.14%
2020-10-15 480,454 1,105,252 43.47%
2020-10-14 509,713 842,212 60.52%
good read for bear regarding "market makers"
https://www.32trades.com/market-makers-knowing-what-youre-up-against/
My take on today's action. We started today with a major early gap up over yesterday's close @50 cents - and this 54-64+ cent price was sustained all morning. Controlling funds short sold 3 million plus shares above 54 cents (but this is good). Price later came down to fill the gap left at 51 cents which was reached and even tested below 50 cents for strength support (even I bought more at 48 cents :) Now we have solid newly established BASE support at 50 cents+ and we should climb from here on out w/news of rig arrival and soon drilling operations. Today has been an excellent day for Zion as it shows that the Fund boys (see bear I didn't call them MMs just for you), still have a LOT of interest in ZNOG. I also think even they like OTC better! ZNOG at $1.00+ is still well within reach - even $2. Happy trading friends and have a plan.
Gap filled
Looking for the dip to fill the gap left at 52 cents. I think we bounce around a bit from then on around 55-60 cents forming a new base.
Look at that! At 60 cents, ZNOG has a 132 million market cap (and they are not even drilling). Hmm
When ZN went OTC, existing options were allowed to continue to trade (can buy to open and sell to close just fine all existing options and this will remain true). HOWEVER, the Chicago Option Exchange decided to not allow any ZNOG shareholders to "sell to open" any NEW covered call options - supposedly this was to help "close out" the ZNOG options which is total BS. As a result, now we have no new "sellers" of newly issued ZN options even on existing option dates thru March 2021. The Chicago Option Exchange has effectively eliminated seller competition - this is why the ask on so many options thru March 2021 are so ridiculously high - for example $10 ask for a March $2 call.
ZNOG will be over $1 by Dec and $2 by Feb/March. Now is the time to buy.
thanks bear you are always insightful! Are you buying or selling at this price? I realize your time is valuable.
ZNOG current valuation over 110 million. SHOULD ZNOG trade above $1, valuation will be well over 200 million. Lol and just a few months ago were under 20 cents with valuation under 40 million.
Seriously. No pullback in sight, just straight up. They will likely "sell the news" once rig arrives in Israel 10/27. Question is, will ZN be over $1 by then? And, they may not sell the news at all, rather keep it going because the rig will assembled and drilling by end of Dec/Jan. ZNOG = strong buy.
ZNOG doesn't need Nasdaq at this point and it saves them listing fees. I think ZN likes OTC much better. I know I do (except I can't sell covered calls lol)
He is a scientist not a corporate PR CEO unfortunately. Market doesn't care about the details of progress - even if very positive. When you voluntarily hold a press conference, you better have something new to talk about.
All in all the conference R&D call was bullish just no big surprise funding announcement yet or accelerated testing progress already underway. I guess it was as expected so to speak with solid progress moving forward just not as fast as some like myself were expecting. The following are very bullish points I weighed most:
1) COVI-TRACE: EUA app imminent. Key point from the call: "collected the clinical data" for COVI-TRACE EUA, which is a big step ahead from previous call on "robust". Other key words we are familiar with: "Most sensitive test in the space", "game changer", "Many inquiry" from clients, "huge revenue", .
2) COVI-STIX: EUA app imminent. Key words from the call: can "test the asymptomatic and pre-symptomatic patients", which is "very sensitive test", "huge revenue".
3) COVI-2020: they are about to apply IND for COVI-2020. "50 or more time strength than STI-1499", "acting like the vaccine".
4) STI-1499: The challenge for recruiting the patients for STI-1499 is addressed, which will be resolved soon with only 33 patients involved. based on the the trend of the new infected patients in Penn.
We can expect many bullish news coming from COVI-TRACE, COVI-STIX, STI-1499, and STI-2020 in coming weeks and months. The price big down AH was caused by the shorts. No real sale from longs, because there is no bearish news in the call.
Looks like the 2 new patents are cancer treatment related: The anti-CD38 antibody patent is a cancer therapy. ie multiple myeloma. That, along with the disulfide conjugation, it appears they are looking to conjugate a chemotherapy to the anti-CD38 as a cancer treatment.
Here comes COVI-Track - FDA update came out yesterday! Just classification but nice to see progress :)
https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfPCD/classification.cfm?ID=3709
Just out 3:20 pm 10/13/20 Sorrento Therapeutics issued US Patent No. 10,800,852 (Antibody therapeutics that bind CD38) and US Patent No. 10,799,598 (Disulfide bridging conjugates) today by the USPTO.
https://twitter.com/PatentEagle/status/1316095108111048704
PROOF shorty has been covering big time today:
Recent Data
Fee Available Updated
41.3 % 250,000 2020-10-13 11:45:03
41.3 % 250,000 2020-10-13 11:30:03
41.3 % 200,000 2020-10-13 11:15:03
41.3 % 200,000 2020-10-13 11:00:02
41.3 % 250,000 2020-10-13 10:45:03
41.3 % 250,000 2020-10-13 10:30:03
41.3 % 200,000 2020-10-13 10:15:03
43.0 % 200,000 2020-10-13 10:00:03
43.0 % 150,000 2020-10-13 09:45:03
43.0 % 150,000 2020-10-13 09:30:03
43.0 % 150,000 2020-10-13 09:15:03
43.0 % 150,000 2020-10-13 09:00:03
43.0 % 70,000 2020-10-12 16:45:02
43.0 % 70,000 2020-10-12 16:30:03
43.0 % 70,000 2020-10-12 16:15:03
https://iborrowdesk.com/report/SRNE
Agree. Given the recent partnerships & crazy depth of SRNE's product lines (all advancing nicely through fda process), SRNE is actually crazy cheap. Topping it off, the recent $19 spike adds to the buying pressure as newcomers see that price point and say wow its still cheap. Shorty is in a pickle. Ji drop the hammer baby. TONIGHT
I'm already loaded up on 10/16 calls (9,12 & 14) & now loading up on 10/23 $14 calls just to get past 10/16. A lot of pressure is going to be put on those to hold'm back. Just too many. I think we see $13-13.50 Friday. However if we get antibody funding or EUA on for our CoviStix this week watch out. We could see new high over $20 easy. I'm 100% serious. Hard to believe we are not over $15 right now.... I hope Ji delivers on his warning after all he scheduled this R&D show & tell at the perfect time to deliver max short pain. Would give him much needed bad azz wall st cred.
STI-2020 Covi-AMG must have had their IND approved. However, THE NEWS DROP about SRNE's IND on STI-2020 has not yet been publicly released so buy now for the pop to $15+ because SNRE's powerhouse 50X power, 5 day completely neutralizing covid antibody cure STI-202O IND must have been approved!!! Proof is in the fact that FDA just listed their PHASE 1&2 trials! NOBODY, and I mean NOBODY has a comprehensive covid arsenal cure like SRNE!!! Markets & institutions are taking notice too. Just wait for 10/15 for the "complet" institutional investment numbers to come in (already reflecting a huge jump from from 6/30 at 25% to 35.3% thru 8/15) - and I'm expecting the final numbers thru 9/30 to reflect 50% total for final institutional investment. REMEMBER too, SRNE insiders still own 34% of outstanding shares and not one single insider has sold a single share even when the price recently jumped to over $19. That friends is VERY bullish. Know what you hold. SRNE can literally, single-handedly, save the world.
https://clinicaltrials.gov/ct2/show/NCT04584697?term=Sorrento&draw=2&rank=1
Lol seriously no comments on major institutional buying? We are on pace to have 3 consecutive 100% quarter over quarter gains. In just two more days 9/15 13Fs are due and could reveal greater than 50% total institutional investment.
Current Institutional investment up to 35% + Current "known" institutional ownership of SRNE is up to 35.3% up from 25% from 6/30/20 to 9/30/20 and not all numbers are in yet. Only the firms that have voluntarily reported early and don't have a lock "hiding" their true numbers are showing. Final 13F numbers are fully due 45 days after quarter end so we will have the true updated totals by 10/15/20 which is 6 days away. This date nicely falls 1 day before 10/16/20 when majority of monthly options expire! I bet a lot of tutes are holding back their true investment for a surprise. I predicted earlier a 100% gain from 25% to 50% and we are already reflecting 35%! Very very strong showing.
https://fintel.io/so/us/srne
Follow up on the NYSE rumor from another board: "Thank you Best Bob @Bob. This community and SRNE are fortunate to have such great longs like Bob who use logic to judge values and make logical good decisions in his business and comments. I am reposting his great answer to the question that no Short could give a good logical answer to whether transferring to the NYSE this month hopefully would force the about 1.5-2Billion non-certified shares to cover before switching. Here is Bob's great answer:
I think the Naked Short still remains the same. The company hasn't been acquired or split into two separate entities, just a symbol change. The NAKED SHORTS are still on the hook for printing all those FAKE SHARES. The advantage is that moving to the NYSE would immediately put SRNE in the S&P500 and create additional volume for the stock. It would also make it available to may new FUNDS. Stocks tend to trade a PE ratio based on expected earnings. "New estimated EPS for the 4th quarter is $5.79 by Wall Street Journal". That is the ticking time bomb that the SHORTS didn't anticipate. If you are trading a PE ratio of 10, then that means the stock should be trading at $57.90 That won't escape from the Big Boys that want to receive a dividend. They will buy the stock prior to the dividend day causing a massive explosion in Price. It's just a matter of time before the idiot shorts here wake up to their dismal circumstances. They are holding a losing hand and it is time to fold but they won't do that because they have been drinking the Kool aid too long and think that their herd mentality will win out. SRNE promises to be explosive in the near future, no way around it. GLTA!!!"
Any of you guys hear the rumor of SRNE potentially moving to the NYSE? Speculation is that it will set off a mad short squeeze as the stock certificates will have to be verified and naked issued shares will have to be closed. I checked the latest SEC filings on Ihub but didn't see anything related. Thanks in advance new friends. PS I'm long and strong on SRNE. Lets all retire early.
Go ZN! Did a volcano erupt? I think we are actually going to see $1
Holy Moly ZN run to 32!
lol faster than I expected! Hmmm will ZNOG now stall at 30 cents or continue to climb? Consider that at 30 cents ZNOG has a market cap of 66 million, at 35 cents 77 million, 40 cents 88 million and 45 100 million. If we hit 70 cents we will have a cap of 150 million...and at $1.00 a market cap of 154 million.
30 cents coming up soon! Another 20% gainer at today's price :)
ZN a buy like I said. 30 cents soon.
Big blocks at 23 cents but ZN will push thru shortly and then wide open to 25-30 cents. Easy 30% gainer here within one month. People are so impatient and many sold at a tremendous loss all because we moved to OTC. Nothing else changed except a 2 month delay in shipping due to Covid. Now is the time to buy friends of ZN!
Time to load up on ZN again. Going to 30 cents+ soon. Low volume shake outs last few days. Soon the day traders will be gone and the MMs can push this baby back to 30-40 cents easy breezy!
ZN back down to 20 cents w/good news is interesting. Ugh, seems the timing of rig arrival & drilling spud date likely in Dec is holding back pps. Still I had hoped to see a spike & hold back to 25 cents. Time to add more ZNOG to the warchest.
Exciting times ahead for ZNOG. Could the timing of ZNOG's pending discovery of oil & the Abraham Peace Accords be connected? Experts predict that many other Arab nations are expected to soon follow the UAE & Bahrain's recent signing of the Araham Peace Accords. Most believe that Saudi Arabia is likely next and after Saudi Arabia an avalanche of other Arab nations will soon follow in their footsteps.... Think about it - could this all be part of His plan that must take place PRIOR to Israel & ZN finding the promised oil blessing? It would make perfect sense that Arab/Israeli peace accords must take place PRIOR to a massive oil discovery worth billions - as surely this discovery would be a hotly contested issue over ownership & sovereignty. But once peace accords are signed, ownership is granted & guaranteed and the promised oil blessing will belong 100% uncontested to the State of Israel.
Took her up to 25 cents on low volume for no good reason I doubt it. We will see. I'm still expecting a surprise breakout but the 25 cents may have been it lol. Might buy back in a bit at 22. ZN is holding remarkable strong given that oil is under pressure.
Bear 25-26 cents today?
ZN back to 30? I dare say!
Love the spread of OTC markets makes ZN more fun to trade. My buy order just may fill :)
I agree but do think about market psychology. For the price of ZN to spike up 30% today in a very red market, the big boys seem to intentionally want to use this to shake out ZN holders with this "seeming" gift pop in price... do they know bigger news is right around the corner and are using today's price action to shake out holders early or was ZN simply way too oversold and simply not enough sellers under 20 cents to cover their short positions and figured they would cover now rather than accept the risk of carrying.... I think sellers today (including a portion myself) may be in for a surprise later this week. I still have my core positions so I'm still happy :)