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Bear ZN is not out by far. ZN's ACE is the pending catalyst of 3D seismic - could be the next Garb report game changer. It has to be very sweet news for ZN to succeed in raising 10's of millions to fund a new rig lease in 2020 as planned. If the news is not good, ZN will be very challenged - but we (old zn-timers) all know here how ZN has beaten the odds many times before and been supernaturally sustained into the leg of our journey :)
The MM's will know in advance when the seismic news is on-deck to be reported - at least a few hours on deck via their SEC connections & paid premium services.
Exactly the point Kid. If you paid 5 cents for the call the pps of ZN was likely 15 centsish. When you sold your call for 15 cents the pps of ZN was likely 45centish. Profit is the same in both scenarios 200%. Buying ZN stock at 15 cents vs calls at 5 cents have had roughly the same return rates (and this across all calls from March 2020 - Jan 2021).
So then we should open up 10% in US around 33 cents if % holds. Interesting. I wonder how thinly traded.
I own both ZN stock and calls from Jan 2020-Jan 2021. With ZN trading up to 52 cents recently, the return from flipping stock vs calls on the rips has been almost exactly the same percent return thus far - I was watching closely to determine most advantage return. If you do the math calculations, the real exponential return from owning the calls will come only after ZN pps surpasses $2 - after $2 the calls will blow away exponentially owning stock. Do the math yourself with ZN at 50 cents, $1, $1.5 and $2
Then if we get good news tomorrow from ZN, the increased short interest are going to be in a world of pain.
I would love some great news!
True, same trading chart trend as with RIG today and many other oil stocks (although ZN was most extreme)
thanks pickey, ZN already back up over 32 after hours so a lot of life is still in ZN trust me! LOL what a joyride for traders. As long as we have volatility, traders are going to continuing to stay in ZN. Pickey, ZN is awaiting the 3D seismic news catalyst report and this is going to rock the world. Tell'm Moses sent you personally to spread the word!
-Shalom
Thanks so much Bear. That scenario actually makes sense & would explain the majority of the volume. 10k followers at 10k shares each totals 1 million in volume - and we have indeed had some volume!
I was hoping the volume was due to new funds having decided to get back into ZN based upon leaks of good info (maybe that is still part of the run too)....alas I say no matter what the reason, ZN is GETTING attention and the ZN story and ZN name are on traders lips & thoughts.... OH how sweet the day when the news comes out these same traders will be so much faster to jump right back in for the real haul upwards.
So where do the biggest and baddest boys on the block peg the stock at close? over 40 or even 50 if possible if they pull up the shorts shorts?
Question Tothe, Its clear how "selling short to open" at high prices works, but where do the big boys pull out 20-30 million shares at random to "buy" the short side of the short sale? A few days ago we had huge volume of both buys and sales at the very highs of the day 50cents plus. The question is who is throwing the buys at these crazy peaks in prices (the majority that are not retail)? The buys have to end up holding the bag/loss correct on some MM books?
Volume just seems to magically appear.
Reviewing options today. Jan 17 2020 $1 options are still selling for 5 cents and good for 10 more days... the question is will ZN announce their seismic news by then or not (and I'm assuming the news is going to be pretty good as they are already looking to source a rig which I believe was ZN management's "tell" to us while they wait on Israeli government review and approval of making public Israeli seismic data)???
Timing is everything. Should I sell or add more is the question?
Thanks for the update. What Breakout list are you referring to and is it paid subscription based? thanks in advance
Is it Ihub's here:
https://investorshub.advfn.com/boards/breakoutboards.aspx
Is a major short squeeze finally setting up tomorrow? Let's just say 20 million shares are still short after yesterday's pump & short of 40+ million at 35-55 cents and the smart money has covered? Hmmm
https://www.marketbeat.com/stocks/NASDAQ/ZN/options/
Got to admit I'm bummed today. The volume yesterday was so huge I truly believed we had massive fund buying and we would be off to the races. Still good to crush the 20's but the 30's are so yesterday too.
Short shares appear to be down to 16 million shares so we appear to be establishing a new base around 36-37 cents.
https://www.marketbeat.com/stocks/NASDAQ/ZN/options/
Also Tothe, your linked 5% short screener field below doesn't appear to be accurate (at least not yesterday). Do you normally trust this short metric from this site?
"On my screener the short float is less than.5%.today.
* Note how I am so picky with my volume filters"
https://finviz.com/screener.ashx?v=141&f=exch_nasd,geo_usa,sh_avgvol_o1000,sh_curvol_o1000,sh_price_u1,sh_short_u5&o=price
Going to be a wild open! We may very well have news TODAY and then we will see where the pps lands.
W/link: Hey Tothe the below link now shows 45 million shares short as of today? How does this jive with your 5% short number today? Both can't be correct?
https://www.marketbeat.com/stocks/NASDAQ/ZN/options/
Great recall Salamon69. 13 years is a long time to wait but Jacob worked 14 years for Rachel. You know 2020 is also ZN's 20th year incorporation anniversary June 2000 :)
Happy ZN 13 yr NASDAQ anniversary! Way back machine remember when ZN was the very first IPO to list 1/5/2007? ZN christened NASDAQ's 2007 year:
https://www.crunchbase.com/ipo/zion-oil-gas-ipo--1c3ccff8#section-details
Tothe :) MASSIVE confirmation today. If you trust your short screen field, then today's price and volume action confirms major new buying from big funds - and once they buy in fresh, you can rest assured we are moving up very soon!
Here is the deal, ZN has to show their 3D seismic results to Israeli authorities FIRST in order to get their drilling plans approved prior to public release (out of courtesy too). Best part is that likely great news from 3D seismic results are likelyleaking out early - either from Israel, ZN or seismic company! Could ZN announcing their search for a new drilling rig be the "tell" they are on to something great? You usually don't put the cart before the horse.
Awesome Tothe love it!
Worthy of note. Bull run breakouts on stocks like ZN tend to continue (look how TSLA jumped recently and the biggest runs came one after another). ZN has been in major accumulation over the last 2 weeks. Notice today for teh first time in a long while, ZN super bullishly jumped at the open and never touched Friday's close of .218 (lowest today was .23 cents early AM). Will ZN touch today's close of .52 tomorrow or continue to gap up - that is the question? Notice the after hours are showing lows of 46 -48 cents... this is textbook MM's trying to project stock price weakness to psyche out longs tomorrow hoping to get them to sell/flip tomorrow on the cheap. Don't fall for it! ZN is full BULL mode. Honestly we can see $2 in the very near future.
AND can you say over 44 million shares traded today? That would be 44% of ZN's entire market cap in shares traded today and ended close to the high of the day! Over the last 2 weeks over 100 million shares of ZN have "traded". Anyway you cut it, volume like this is BULLISH whether real or not.
Have a great evening everyone and give Him praise!
Congrats to longs today. $1+ is soon in our future with 3D seismic results which we know are obviously coming shortly. The preliminary 3D seismic report must have been pretty good for ZN to already commit to plans to source a rig for 2020 operations. Its been a quite painful 3 months but the best is still yet to come!
Anyone see ZN on a NASDAQ top gainer list today? A 100% gainer and I can't a single one???
LOL 70% of ZN's 100 million share cap has been traded over the last WEEK! Criminal naked selling had to occur??? Fund boys only own 5% at best..
Yeah the Jan 2020 are interesting. Over 5000 calls traded today at 4-5 cents and my sell order at 5 cents hasn't been touched - the mm's are jumping ahead of my standing sale order. Thats ok though because if we keep going up I'll just trade them for $1+ lol.
Going above $1 before you know it. Watching the close today. ZN buy on strength not weakness. ZN is just getting going. Wait until the real news hits and we really of to the races.
ZN rocket ship waiting on news -or has it leaked? The mother of all shorts covering may be JUST BEGINNING! Curiously we have had over 50% of ZN's 100 million shares traded over the last few days. Even w/ZN over 40 cents its criminal.
Crushing 25 cent resistance next up 30 and then 50, 75, 1.05
Perhaps ZN and Israel have been sitting on the preliminary 3D results for quite a while now.
Anyhow the volume today is good once again. Pending ZN news catalyst of 3D results due any time now - possibly even today. Could it be that early positive 3D preliminary results were the reason ZN has already announced they are sourcing a new rig...
w/link: Hey Tothe I noticed on your link here that they show short shares totalling 12.45 million.... What do you make of this short metric? Seems sub $1 shares are indeed shortable. If real, I wonder how the short number has moved over the last couple of months historically.
https://www.marketbeat.com/stocks/NASDAQ/ZN/options/
Hey Tothe I noticed on your link here that they show short shares totalling 12.45 million.... What do you make of this short metric? Seems sub $1 shares are indeed shortable. If real, I wonder how the short number has moved over the last couple of months historically.
ZN is an unbelievable coiled spring! We recently witnessed year end MM window dressing over the last 2 days. The recent surge in volume (20 million/20% of float), is the tell with no more juice left to squeeze on the short play. Big players controlling pps are finally going long and are going to push for higher highs. Get ready.
16 cent close is total manipulation. ZN is being naked shorted beyond belief - perhaps window dressing for their year end books. Just wait though, soon, very soon, abig boy is going to step in and teach a lesson.
Quite possibly! From the latest ZN update: SEISMIC PROCESSING AND INTERPRETATION CONTINUES
With Agile Seismic (Houston, Texas, and Belgrade, Serbia) continually applying state of the art processing techniques to Zion’s seismic data, Zion is beginning to see answers to its previous questions from the drilling of the MJ-1 well. Zion is pleased with the current progress and quality of the data to date and looks forward to the final product.
- my comment "any time now" what I like is that the preliminary info they have received must look good because they are already beginning to source a new rig
I know you see what is happening today... ladder up and then again and again
ZN is about to go 212... whats the difference between 211 & 212? Hot water vs steam... only with steam can the train move
BEAR TRAP setting up for next leg up to 25? Tothe can you elaborate here on "who" is selling? Seems to me its just the fund boys who are covering their short from the recent top at 19&20 cents...you see anything else like real consolidation?
And once again where are these funds getting 9 million ZN shares out of thin air to roll over and over - the tutes don't own that much combined! It seems likely Don Ellis is lending his 6 million block out - and if they are his then watch out because they are likely just on temporary loan...
"The 30 min chart shows a good picture of where the some of sellers of today come from"
Welcome all who are new to ZN on this MB. Want to know more about ZN and the promise of oil in Israel? You can read up about ZN's corporate calling & vision from the founder John Brown himself here:
https://www.zionoil.com/info-packet-contents/07_The_Oil_of_Israel_by_John_Brown.pdf
NASDAQ provides extensions all the time and its kind of comical actually as many NASDAQ stocks trade under $1 for very long periods of time (its most obvious they want to keep their annual ZN 118k listing fee). I believe ZN easily has plenty of time to meet the NASDAQ deadline anytime between now through Jan 6th. If at any time between now and Jan 6th should ZN crest over $1, I think NASDAQ would most definitely provide ZN a continuation extension. Keep in mind Nasdaq may even extend a deadline on the $1 pps minimum even if not reached even one day as ZN will already have met the first leg of the requirement with a market cap of 15 million. NASDAQ is a business and as long as they feel ZN is working towards compliance goals they will work with her. Nasdaq really doesn't want to lose the fees ZN pays them annually of 118k!