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Bear don't worry about that now lol just watch the tape and buy ZN now. We are going up likely back to 27-29 very quickly. I'm curious what other stocks do you watch as closely as ZN bear & where do you think we end up today's close? I like SRNE under $7 all day long and gotta admit I had to sell some ZN at 23 to free up cash for more SRNE under 6.50
Its going to be interesting see how ZN shakes out. Although I'd say retail has been supporting this stock for quite a while now as Tutes have been at 5%. ZNOG over $1 would be great to see.
Profit taking going on here at 22 cents but bid has been strongly bouncing back so don't be in too big of a hurry to flip right now...wait a bit and set ask a little higher. I think we will see 25-27 with a sharp volume spike this week/maybe today. Wash, rinse, repeat is the game.
ZN market cap is 47 million w/215 million outstanding shares at 22 cents Valuation about right until the rig arrives in Israel and then back over 30 cents I predict but then again who knows. We may see spike to 27-29 any day.
Seems TD Ameritrade must not be routed thru the CBOS. You should put a sell to open order on all March 2,3 & 4 calls for 20 cents. Absolutely nothing to lose (and I'm curious if they will actually reflect on the ask).
"one really should not expect any liquidity in the options market going forward" lol it was plenty liquid enough the MM's just don't like competition amongst sellers. Now the ask sits at $5 on many of the options - utter nonsense on a 20 cent stock - I had sell to open at 15 cents and they cancel my orders and all the while they LEAVE the $5 MM's ask???!!!! How the hell are "encouraging" closing of options when the ask isn't a real market price. Smells like ... manipulation.
Yes and existing contracts evidently can only be closed. No more selling of 15 cent March $4 covered calls for 50% profit lol.
Tothe your charts liking this triple bottom :) Time to buy was yesterday! Do you see us breaking 20 today or tomorrow?
In some ways trading on the OTC platform is actually more pleasant. No AH or BM and can place my blocks buys and sells early in the day. Set it and forget it lol. No more of this trickle incremental 100 share bs all day long either!
Option update and it smells funny. All my sell to open new trades of ZN options have been canceled lately so I called. Explanation given to me was that the option market makers who approve the orders for ALL ZN options have decided to let this ZN option market expire (not enough interest they said lol). I was told they would allow closing of options but no opening of new positions even with thousands of contracts still outstanding on $1 calls! Oh well though, never intended to close out my covered sold calls anyhow and now have even more incentive to wait for them to expire worthless. However, what about if ZN all of sudden jumps to $5 in a few months??? Bet they open them back up lol. Manipulation. Have to stick to trading ZNOG for the time being... Back to 30 cents soon enough!
Congrats to the smart buyers yesterday at 13-15 cents. Going back over 20 cents maybe today. PRs & drilling operations are going to commence soon. ZN has never been better positioned for sustained success. All in His timing. We who remain will be rewarded like Gideon and his faithful 300!
Smart ZN money is buying up the cheap shares yesterday & today. Nothing has changed except delay of rig arrival due to Covid & change to OTC market. ZN is still proceeding along as planned and they will be drilling soon. ZN is a value stock under 20 cents w/market cap of 40 million. Why? First the first time ever, they are now a drilling operator with a very massive rig w/drill pipe/rigging that can drill to 20k feet, a huge lease to drill, 3D targeted drill site, great relations w/Israel and zero debt.
ZN can drill at their will & not have to worry about crazy high 50 million dollar drilling rig rentals etc. Buying the rig was one of the best decisions they could have made.
See you back at 30+ cents in few months... maybe earlier.
Liquidity is what it is and we just have to deal or move on right? I have seen crazy positive action on OTC markets too. I admit I will miss AH & BM buying & selling opportunities.
Those "tutes" got out on the spike to 38 cents last week on 9 million shares traded. I should have recognized it - I was looking for more volume and pps to spike to 45 cents.
Evidently the market agrees more with me don't you think? Solid buying action this morning w/26 cents holding strong. The big boys know ZN will be drilling soon and the pps will spike back up to 40 cents. Did you profit on selling those covered calls I recommended? That is the only way to hold ZN. $1 is a heavy lift from 26 cents and you can make 40% profit today selling March covered calls for 10 cents! Might even get luck and sell'm for 15 cents (58% profit). Sell'm and forgett'm (or buy back at 5 cents if you get anxious friend) Happy trading bear!
Hilarious outcome? Should ZN be blessed with the promise stated in His Word, ZN will be monster OTC stock trading over $100 share :) That will be funny (and the tutes will be be-fuddled itching to get in and won't be allowed - could this all be part of the "plan" by Him?)
ZN is holding up solid. I'm happy. They made the right decision going OTC. Had they done a R/S, the price action would have been similar. Once we go OTC, I will miss the before & after hours buying and selling opportunities :(
Nice job. lol March calls sold today for 15 cents (70% profit)! now back down to 10 on the ask (still 40% profit at 10 cents)
ZN back to 24 cents pre market (value stock at these prices and the big boys know it :)
Yes ZN is a value stock. Bruce here is why: ZN at 20 cents is actually now a "VALUE" stock. Seriously. Think about it. For the first time in ZN's history, they now own their very own rig and are one of the ONLY drilling operators in Israel with a large rig. They have a bright future with multiple cash flow options for both internal operations and for hire (they will likely purchase other smaller rigs as well (work-over rigs etc). ZN is now in position to be a drilling operator for hire for other contractors - ZN's focus is not only just on their own lease. ZN market cap is worth around 30-40 million right now just as a stand alone rig operation alone as they are located IN ISRAEL! And don't forget lol they are about to announce drilling operations shortly on their very own super large lease! Instead of a speculative stock, ZN has now actually become a great value stock at 20 cents! For the longest time ZN had been a speculative stock alone as they leased their rig for drilling operation. ZN is in a much stronger value stock positioned as a operator with assets alone worth 30 million at true market value and I'm not even taken into account anticipation of drilling their new well with 3D seismic targets and large beautiful lease! Bruce, don't let the OTC market transition rattle you, ZN is a great value at these prices! (xtra tip: buy today and sell Jan & March calls for 50-75% profit to boot!) We will be back to 30-40 cents shortly once drilling schedule is back on track and it is coming! Shalom
OTC marketplace trades just fine and many other companies have opted this route voluntarily. Yes it's not as prestigious as the NASDAQ but ZN can always reapply should they desire later. Remember for the first time Zion owns their own rig and is one of the only drilling operators in Israel -they have a bright future with cash flow options (they will likely purchase other smaller rigs as well and could easily become a drilling operator for hire for other contractors as well as their own lease). ZN market cap worth around 30-40 million right now (as a rig operation alone!) - and they are about to announce drilling operations shortly on their own lease). ZN is actually a great value stock at 20 cents!
Hopefully. Going to be interesting to see were ZN settles in pricewise tomorrow (I'm thinking 22-25 cents on 20-30 million volume). MMs and big boys will try a big push down again to maximize their gain on their short position but they will want to cover rather quickly with drilling operation updates soon to come (then back to 30-40 cents)
Friends BUY this dip. Good news is soon to come (and the big players know this too and trying to cover as fast as they can given this opportunity). Remember OTC market changes very little and ZN will trade just the same.
OTC market is just fine. Hope ZN releases drilling update tomorrow and back to 30 cents+
Congrats to the smart ZN buyers under 20 cents on panic selling (now go sell covered calls tomorrow for10-15 cents making 50-75% instant profit!). ZN has future great news on deck and we will be back over 30 cents shortly!
Timing of Middle East Peace treaties w/Israel a part of His ZN plan all along? He is a Person of great order & logic and all may first have to come together before the release of blessing (I'm thinking Saudi Arabia has to get on board now after the UAE). What I know is ZN has always been sustained. Stay strong friends as His plan is still coming together yet today!
Suggestion for best option play? Sell a 32 cent ZN share at a 15 cent $1 strike (47% profit) or at 10 cents for a $4 strike (30% profit)? It all depends if you think either has a chance of being exercised...
Friends which one would you sell? Obviously we are not talking about buying them lol!
Buy ZN shares at 32 cents and make 30% instant profit by selling March $4 calls for 10 cents sitting on the bid right now!
Overall ZN option update: Jan $1 calls on the bid at 10 cents / ask 15. March $1 calls on the bid at 15 cents/ ask 20. Funny thing is that March $2/$3/and $4 all have a bid on the ask at 10 cents w/ask at 15! A 10 cent bid (30% profit) on the ask for a $4 strike price is crazy high. Sell'm friends :)
Looks as if ZN is going OTC. No biggie as they can always re-apply when they meet the requirements - or choose not to and save money/time/paperwork.
The ever expanding dilutive DSPP is what is most likely holding back the tutes. Out of nowhere we get filings of new 5% private holders and then the stock issued jumps by 20 million every quarter.
Most are long gone. Tute investment is currently under 3% - down from 15% years past. Lol our new tute investors are ZN's angel 5%ers like Mr. Ellis !
My prediction on the run up before potential Nasdaq delisting & OTC listing is simply based on watching the price action of SDRL. Price spiked from 40 cents to 60 cents just prior to delisting and once listed on OTC price dropped almost immediately to 35 cents and bounced around +/- 5 cents
As for the tutes having to dump shares, don't you think they want one last hoorah lol. Afterall they are all buds and work together to fleece the sheeple :)
thanks Porgie I forgot all existing options should remain. So OTC platform supports option trading or will they exist on the Nasdaq for their remaining duration?
I disagree its not "shaky" to state the obvious that OTC "could" be the route. Its rather obvious either reverse split to stay with Nasdaq & continue to pay annual fees or simply go OTC (just like SDRL opted to do a few months back)
From Yahoo board today: (if true and ZN goes to the OTC market, ALL held calls will immediately expire worthless and all sold covered calls will be instant profit. Bottom line is its very risky to hold calls through Nasdaq compliance date - maybe we get to $1 by tomorrow & hold for 10 days with no news or perhaps we get an extension again)
Copied and pasted "Just saw this on another forum. Coming from ZN employee."
10m
$ZN
Me:
I understand you don't do one on one comments on the business of zion and that you do Pr's. However' there is alot of confussion from shareholders as to the date of compliance. I am retired military...and learned to always have a plan a...b...and c. What is the official date zion must be at a dollar and maintaun it for 10 days? Myself and all your other shareholders would love to hear your plan a...b...and c also.
Ben:11:42 AM
Hello Scott
Ben:11:43 AM
We will release news as executive management decides is proper and needed for shareholders and supporters.
Me:
Ok? Im not asking for news....im asking for the compliance date. What is the date zion must be at a dollar to make compliance....this has already been established by sec?
Ben:11:49 AM
We need to have 10 consecutive trading days above $1 by September 8th. We haven't gotten any updates yet; but if necessary we can simply switch to the OTCQX.
Ben:11:49 AM
is there anything else I can help you with today?
ZN & Nasdaq compliance dates: This hopefully clears up the compliance confusion and comes straight from ZN SEC filings over the past two years: Nasdaq usually grants two 180 day periods to regain compliance. They got notified in January 2019 they had until July 8, 2019 to comply, that would be the first extension. On July 3, 2019 they transferred stock from Nasdaq Global to Nasdaq Capital which gave them another 180 day extension which ended January 6, 2020. On January 7, they requested a hearing to remain listed. Until the hearing took place, they remained listed. March 13, they gained a third extension to June 26. Covid extensions began April 16 and end June 30, adding an additional tolled period pushed the compliance deadline to September 8. They need 10 TRADING days to be above $1, therefore the date to watch for should be August 25. In my opinion, the lack of ZN's Nasdaq compliance pps is why we are dropping today. IF, ZN announces reverse split (to stay in Nasdaq) the price will drop 25% on news and but if ZN decides to go OTC we should see a spike up to 45-50 cents (and then a quick drop back down to 30 cents after the 50% last hoorah short)
Option update: Buy ZN at 32 cents and make back 47% profit selling either Jan or March covered $1 calls which are on the bid still at 15 cents w/ask of 20 cents. OR if you don't want to miss out on the profit of ZN potentially going to $2 lol, you can sell Jan or March covered calls for 10 cents on the bid (31% profit). Selling covered calls reduces your net costs of holding ZN shares by 30-50% and you get to keep all the profit up to the exercise price. Remember, you don't have to buy them back at all! If they expire worthless on their exercise date you just made free money and you get to repeat the process all over again and make another profit selling new covered calls!
lol wise up, don't sell at a loss now. Sell Jan covered calls for 15 cents and make back 30-50%. ZN will go back up and the calls will either be delisted or expire worthless resulting in YOU pocketing the difference!
More likely just a sign of weakness as few recent new buyers and MM's testing moving average - they take her down to find out just exactly where interest lies and cheap enough to bring back big boy buyers. ZN needs good news coverage badly about right now.
Did I miss any pending reverse split announcement news? ZN down to 32 on no news