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So, is there any knowledge out there in blogger-land about the patent filing I pointed out in an earlier post and how it relates to this price run up?
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=/netahtml/PTO/srchnum.htm&r=1&f=G&l=50&s1=9941841.PN.&OS=PN/9941841&RS=PN/9941841
I can read it but I look to sharper pencils in the pack to explain it.
TIA
Imperial Whazoo
Yep. And all you need to do is realize that there is a LOT more revenue stream in the small item market represented by the crypto mining hardware than there is in the sale of individual multi-million dollar machines.
The way to win a baseball game is to get people on base and advanced around the bases. Oh... I know it takes fielding & pitching & all that, but talking only of whether you regularly win by hitting home runs or by getting men on base.....
Here.... look at it this way: the first tall building in New York city was the Woolworth Building. Woolworth was the "five & dime" company. Bsck then, they were called "dime stores". Kin of like Dollar Tree orr Dollar General today. The skyline of New York city, and that of every major city to this day was FIRST changed by a building built by a company that was the leading dime store company in America. Lesson learned, people. Lesson learned.
There are two philosophies going head to head here: my conviction that the way to make a winner is via regular, small units VS the sexier idea that you make the big ass WHAMBAM-WHAMMO deal that is the prototypical home run deal.
I obviously think that big deal dependence is a lead weight rather than a winning strategy.
DPW is small company that is trying to be a conglomerate by taking on lots of debt, and it has three main arenas it plays in:
1.) large item sales in a technology owned by another company and consisting of a machine that still needs market penetration and still needs actual sales placement/installations,
2.) crypto power supplies, consisting of small item sales in a manufacturing arena that is hot at the moment (crypto) where the company owns the industry leadership and where it controls its own reputation PLUS ownership & operation of mining machines (including low electric costs via ownership of a hydro-electric dam in New York state),
3.) military contracting, where it owns the manufacturing facilities and where contracts & relationships already exist.
IF there is a big deal and IF the market penetration in that area materializes and IF the sales are repeat sales and so on and so on
VS.
actual repeat item sales in a market they excel in AND ongoing military contracts they have lengthy relationships in.....
I know which avenue I prefer, regardless of puff piece paid for articles.
I mean, I'll take a big ass machine sale deal if it gets done & if it actually does not sop up the cash the company has and if it does not end up actually costing more than anticipated.....
....but I'll make a living a nickle and a dime at a time over the big deal avenue every day of the week, including Sunday.
Senior Ault trumpets the big deal in paid articles as his first and foremost route. My thought is "well, what would one expect of this guy?"
I mean, watching this guy set himself up with huge contractor pay tells me that he is logically to be expected to prefer deals that are big and impressive over Smalsville deals that are bread and butter for the ordinary chap out there.
Imperial Whazoo
Afterthought:
And lest someone say I'm overlooking it... they just created a lending company to seed businesses. that may or may not be a money maker. It's proly a pretty good thing, but the deals it finances are more likely to be crypto deals that the big item deals, so that actually further buttresses my thinking.
All my opinions, folks, but its not a set of ideas that are devoid of thoughtfullness, and I actually hold a pretty sizable position, so I DO have a dog in this fight.
New here, but I found this, which is prime info, in my book.
Hope it helps explain this price action.
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=9941841.PN.&OS=PN/9941841&RS=PN/9941841
If you have trouble with the link, just go to the US Patent Office site & its easily found via a search.
So, not having seen anyone commenting about this patent, does anyone out there know anything about this new technology?
TIA
Imperial Whazoo
Thanx man. Encouragement is great. All I am doing is trying to remind people that the management once upon a time emphasized the power supply advantage they had in the crypto world, and since I'd not seen anyone recently remind the board of this aspect, I decided to make it an issue.
And I really do have a database on blockchain because it became too convoluted to manage like other technologies. Too many players claiming this new fandango and so forth.
Also, by training, I'm a database systems analyst and computer programmer, so what other than a database would anyone who knows me expect me to resort to to try to put some kind of organizational overlay to this complex fractal?
Thanx again. nice to be encouraged.
IW
EDIT: This thing has caught a bid, man. Its being bought for a good reason. Maybe they actually sold one of those massive machines, LOL.
There are thousands of variants of the technology. Its laughable to even pretend to know who is the best, and anyway, remember Betamax vs VHS? Betamax was better technology but who won? VHS. So why would I be so foolish as to actually pretend that I can forsee the outcome of a battle that is this complex a fractal?
I track the blockchain in a database and there are over 50 variations that claim to be faster. And guess what? They are faster. Duh!
And there are literally hundreds of patent applications being filed for all manner of alleged improvements. Who cares. From DPWs vantage point, all that matters is that they mind their P's and Q's, maintaining their advantage in the niche of power supplies.
DPW should milk that puppy for every inch of gain. And who cares about any given alleged superior solution? I have zero interest in being a sycophant for any one of them... regardless of their particular "name": Bitcoin, Nitwitcoin.... so what? Hashgraph, Jackassgraph.... who cares. Name it anything on earth and make any claims of superiority in the universe. So what?
DPW does not have to care what wins and what loses. Variations on a theme, all of them. What is important for DPW... A SMALL COMPANY WITH A TEMPORARY ADVANTAGE IN A PARTICULAR ASPECT OF THIS REVOLUTION.... is that they focus on winning the battle over whose power supplies dominate the technology's hardware platforms.
The years to come will unravel the winners and the losers. All DPW needs to care about is this: They are AT PRESENT the top technology company providing power supplies to the industry as a whole, and they absolutely MUST maintain their advantage.
DPW has the leadership and it does not matter who or what the backend usage instance is.
Hope that helps.
Imperial Whazoo
Blockchain will be passe' the same day as the sun rises in the west. DPW needs to play its strongest cards: its position of leadership in the power supply niche.
The world is going to have crypto currencies involved in the international economy in almost no time. That bright light in the tunnel up ahead of us is not the light of normalacy shining at the tunnel's exit.... it's a change-agent freight train called "The Blockchain" heading our way at the financial speed of light itself.
Good luck to you, my man.
To think that blockchain is not massively important is a very bad investing mistake, IMHO.
Be well.
Imperial Whazoo
The posts I make are not for anyone who made up their mind long ago that the sexy big tech item is the way to go. I'm aiming at reminding people that DPW controls the low end, mining equipment oriented power supply market.
I'm aware, from being current in the posts that are being made on this board, that it has been a long time since anyone pointed out that DPW is the big dog in the small fish bowl of computer power supplies, and its been a long time since anyone bothered to remind people of this critical and very key tidbit of background information. So, I'm aiming at people who may not remember (or may not know) about the importance of power supplies to DPW.
Crypto is the money maker.
For a small company that controls one thing and one thing only (power supplies used in crypto), this is the differentiator. It is the low hanging fruit.
Thats where the money is. DPW should aim at it. Leverage it.
DPW: you can build the big iron machines... be my guest.... go for it, big guy! But depend on the obvious money maker if you intend to be a survivor as company. Go for the sure thing first.
Choices: the low hanging fruit or....
... selling a complex and expensive technology to the Chinese market.
Selling into a superpower economy (a country that steals patents as a way of doing business and who is so brazen about empire building that they build artificial islands in order to manufacture legitimacy in territorial claims), or selling nuts -n- bolts that are a necessary item.
And why squander the advantage of being number one in this nickle and dime arena? Mind you Pp's & Q's. Pay attention to the little things...
There is a market, for sure, for that big iron, but selling nickle and dime items into 'the internet of things" and into the momo of the blockchain.....
Thats where money is going to be made.
Blockchain is a birdnest on the ground. The Blockchain infrastructure is there to be exploited.
One final angle on attempting to get the idea across:
To take a small company forward, go "size aware". DPW is a small company with control over one thing and one thing only: power supplies that are required for crypto. Thats money hanging as low hanging fruit. Harvest the low hanging fruit.... THEN you can try to swing the big bat and knock the skin off the ball. Do the obvious first and the less likely later.
Simple as that.
Imperial Whazoo
I have said it before and I way it again... I disagree with you. No, the big machines... they are not the hook on which to hang this company's corporate hat. Simple as that.
The big technology is not the thing that will make DPW a player, noticed by investors in general. Nickle and dime, baby.... a commodity like power supplies takes precedence over huge manufacturing machinery. Sell lots of nickle and dime and don't hang your hat on a few large, long-in-the-making deals. Nickel and dime baby.
Power supplies in the momo industry of crypto are the key to the differentiation of DPW, not huge, complex, limited-market manufacturing machines that can only sell a few in any given quarter.
DPW's share price is interconnected to the machines needed to mine crypto. Simple as that. Nickle and dime by comparison, but thats where the life blood is... in the momo, not in the huge deals.
Imperial Whazoo
Exactly. I've had civilized arguments in the past with some well meaning individuals on these boards who steadfastly insist that all the various technologies in DPW's corporate portfolio are the seriously important businesses for this little mini-conglomerate.
I have remained "of a different mind", to be frank. As far as I'm concerned, this company only came to the notice of the larger investor community because they make the power supplies that are the key piece of hardware involved in crypto mining rigs worldwide. Accordingly, as crypto goes, so goes DPW's fate.
Thats my view.
Thats always been my view.
And it remains my view.
All the other fancy manufacturing "this or that" in DPW's portfolio are quite interesting, but the icebreaker that frees this un-noticed mini-conglomerate out of the shadows of non-noticed mediocrity is the power they have in the crypto hardware market due 100% to their muscle in the mini-niche of computer power supplies.
End of story.
My opinion, mind you, but there it is. I hold shares because I think this is a very key detail which justifies holding a position (in violation of my fundamental day-trader instincts, mind you). It is a long-run proposition. They control this niche. Simple as that.
Imperial Whazoo
Here's my thought on the best outcome, which I am very hopeful will actually happen.
I think there will be a very good result to the test and the find will be VERY high pressure, so what they will do is perforate the casing between 5000 and 6000 feet. The geology at that depth is quite "porous" so the high pressure deep find will migrate to the lower pressure porous zones and this will have the net result of the high pressure hydrocarbons spreading over the whole of the lease. This will, in effect, create a lower depth field that they will be able to drill at significantly lower cost.
So, instead of having to punch multiple very expensive deep wells, they will, in effect, have a big, moderately deep, "low-cost-to-drill" field that underlies their entire lease.
Thats the way I see it happening. Pretty cool if it happens. We'll see.
As to the short artists returning en-masse' next week.....
If the short sellers actually show up again, it will be after the 10th because they will be guessing that a lot of people will cash in the new shares. They will expect "dumpage" by folks who recklessly thing the gifted shares are a kind of manna from heaven that they can shake out of the long-n-strong faithful.
The problem with this line of thinking is that the actual arrival of the shares is entirely open ended because the company controls the timing in the date of issuance of shares. Since the short artists could see themselves getting smashed by the company using its power to control the issuance date, it may be that there will be a lot less shorting than most are speculating will happen.
Since the tests will be actually completed fairly quickly, the company can reasonable delay issuance and not be seen as being irresponsible, and if the tests are tremendous, it will be impossible for short sellers to time a short attack because there may be little or no time between the delivery date of the issued shares and the announcement of the good news. I mean, if it were me running the company, I'd manage it to the millisecond to effect the decision making of the company's short-side foes.
So, it may actually be that shorting is NOT likely next week (or before the announcement of the news.... 2 weeks to a couple of month's ouit in the future).
The fly in the ointment is that, if the news is incredibly fabulous, the Israeli government may try to force the company to limit the enthusiasm due to military concerns.
Whether the government can squelch incredibly fabulous news is, in my opinion, highly questionable. Its simply a truism in the markets that somebody ALWAYS knows somthing, and this means that tremendous news will be impossible to hide. By that time, however, the short artists will have lost their sliver of opportunity. So nete/net, I don't expect there to be a massive short artist attack.
We'll see, I suppose.
Imperial Whazoo
Whats that a picture of man? Looks like it does in Texas this time of year. And whats it got to do with BLKCF, if anything?
Just askin'
IW
Oh, I'm not worried. I'll trade what I see on the chart. I mean, you gotta remember that I'm a trader and you're an investor. My reson for buying may be the same as yours, but since I trade, my reason for getting out differs. Not a confidence issue. A timing issue.
I'm in the "Zion Oil is a blessing from God" camp, but I'm not an investor because my business is to buy & sell. I trade. I try not to invest. Thats not a diss on Zion. Its actually hard to NOT park $$ here sometimes because I favor this enterprise so strongly, but part of my discipline is to have rules and rules serve no purpose if they are not adhered to.
And IMHO, the Israeli govt is the 8000 pound gorilla in the room. I pointed to an Israili company whose trading symbol is RADA at a point sometime in the past because I figure that Israel is well aware that the drilling site is a military target. You can bet your bottom dollar that the Israelis have technology parked all around the site to keep it from being hit by attackers. And you can bet your hold card that they will have a veto on Zion announcing in a way that undermines their policy goals as a whole. I bet that laison with the government is a bit of a headache at times.
It takes courage to be a roughneck off shore in the Gulf of Mexico because its a dangerous job, but in northern Israel, you face an entirely different order of danger. Thats why I'm watching geopolitical news like a hawk. I'm well aware that the Israeli govt is the big ghost player here.
Imperial Whazoo
Hey folks, if people are worried that Zion Oil's management is getting us into a vulnerable situation (by having a hard deadline on which we need to be a share holder if we want to be warrant holders....) if anyone is worried that this hard deadline will work to effectuate a short artist's paradise next week, maybe folks should go over to this web page, which is part of Zion Oils's official web site, and tell management that you are prayerful that they need to engage in wise and bounty generating activities to address the vulnerability that the April 10th buy in deadline presents us with.
"Where is the link on Zion Oil's official web site?", some might ask.
Here's the link, folks:
https://www.zionoil.com/prayer/
Go check it out and use it if you feel so led. After all, if anyone needs a reminder of what the primary difference between Zion OIl and any other oil company is, this web link is a pretty good reminder.
I mean, I get it.... this bunch of management people are making business decisions that fly in the face of what the world considers wise, but they have always been this kind of unique company.
They have to have a plan. They can not be strolling into this like a three year old toddler, still in diapers, marvelling at the flowers blooming in the garden.
They intend to do a "nail the shorty for once and for all" PR ZIM-ZAM-ZOOM next week. Thats my guess. Only a guess, mind you, but still, it would be irresponsible, at BEST, for them to have no plan for handling the obvious downside that their hard deaadline creates for next week.
Imperial Whazoo
If it trends down next week, so be it. But this week, there is increased demand because people wanting in have a deadline to meet.
If you think there is no reason to buy this week, go ahead and sell. I could care less. The sun rises in the east and sets in the west. When lightning flashes, thunder follows. And as regards ZN price, if you tell people they have to buy in this week, then, if they want in, they will have to buy.
What ZN does to dampen ZN dumping next week is their business.
Trade what you see... or not. Who cares. If you passed me in the supermarket isle, you wouldn't even know me, nor I you. so who cares? If your intention is to make money, then belly up to the table & put your money down on red or on black. Buy it or sell it short. Old McDonnald had a farm, eieio.
If you want to make money, you can not defy the logic of the real. And reality this week is that, if you want to be a warrant holder, you have to buy this week & be a holder of record by the 10th
Simple as that.
What happens next week is next week.
If it were me running ZN , my boom-bam- whammo news would be timed to undermine the short artists that are going to emerge next week. But thats my money making view. They are paid to run the company, not me. They are responsible for making intelligent decisions. The average joe... EVERYMAN... just have to make up their own minds and play the market the way it looks to each person.
So, if you want to be a holder of record, the buy has to be made by the 10th.
Simple as that.
Imperial Whazoo
People will always bargain sho....
So, given that we all know that the 10th is D-day to land on the beach if you plan to be a holder of the "graced" shares, we can all figure out the logical sequence to expect: price will slowly firm up towards a price that is closer to, if not above, $5.00 for the D-day 10th time stamp.
We saw it pull back on really low vol yesterday AM, only to creep up over the day on a steady diet of slightly greater prices. So, by EOD, the week's "weakness" had pretty much been expressed.
Today, thus far, increased interest in buying the ask and an increased reluctance to piddle around, scrounging the underbrush for a penny here or a penny there.
A cluster of buys at slightly up prices balanced by a cluster of sells slightly bringing price down. Add the upside volume up and subtract the downside volume and net/net, you have greater buy side compared to downside volume.
My expectation, barring a black swan, is a slow & steady monitization of risk as we close in on the 10th.
Plan A: buy now and avoid the higher prices later in the week.
Plan B: haunt the bid-ask level 2 and scalp for a penny here and a penny there.
Either way, at the end of the week, we will proly be higher & closer to $5.00,, if not over it. Up & down in a see saw, but net/net, we slowly lose the battle for bargains and have to pay up if we intend to be a dancer in the warrant dance. Like that Dire Straights song says: the time bell is going to ring. So, if you want in, its gamble for a few pennies OR buy now & hold thru the 10th.
Simple. A plus B = C. Not rocket science and its irrelevent whether some people think its 81% diluted. If thats their opinion, they will not be players. The rest of us.... buy now or buy later. If you are intendiong to play ball, you will be a buyer. I used to tell my team mates when I played ball.... you can not win if you do not shoot.
The only relevant question is the gamble on timing the trade. Simple as that.
Thats my guess. My opinions only, but thats my take.
Imperial Whazoo
Well, watch volume crawl back in. We seem to be inclined upwards. And let me suggest an interest rate for that loan you spoke of.... what about 81%? :o)
Imperial Whazoo
Since the rights pricing is $5.00, it follows that there will be a rise in share price to near that. That would allow profits to be made by a simple round trip. If there is a past-Passover PR, as I expect there to be, then there may be momo behind a move between now and the 10th (record date). So, thats prolly what was behind that big, late day trading activity: people deciding that the price will be higher next week, so buying today make excellent sense.
Thats my take.
Imperial Whazoo
Now THAT was a nice buy someone made moments ago!
Imperial Whazoo
We find this in the prospectus:
Do we have info on restrictions on the new shares? If they put restrictions on them then your theory won't transpire. If there are no restrictions, then it is a likely outcome for sure.
My recollection is that there are no restrictions, but can they put restrictions on the tradability of them? Or, can they slow walk issuing shares bought using warrants?
If you are right, then they must certainly have anticipated your theory and if they anticipated it, they will not get caught flat footed & surprised. So, there has to be something unseen that is in the plan. Hard to imagine if there is no plan to handle your situation.
Imperial Whazoo
I'd have to go back & check because my list of traded companies would boggle your mind. I've been in and out of it for years. I long held a sizable position upwards of 3 years ago but about 3 years ago, I stopped posting on iHub because I was wasting too much time.
I think I was out during the spike, and that makes sense to be because, after a lot of trading mistakes, I decided to avoid spike charts and would not have been interested in it during the spike. I have been burned too many times in big spike charts. I mean.... look at GOPH today. That's the typical behavior of a spike chart.
I'm interested in stocks that survive a spike and that's why I re-visited ZN this year. Since I was in it for a long term guy way back at its early emergence, I knew the story & understood the possibility, but I was just watching it as one of many stocks in a main watch list I keep.
With the recovery of the chart from the disastrous damage spikes always do, it has begun to be an example of a spike chart that successfully weathers the damage done by spikes. That's why I'm back in the play.
I'm not a long term holder of anything, unless I end up getting stuck in it, which has happened quite a number of times, but when a chart begins to illustrate that the company is real, I will revisit a chart and begin to track it again. That's what happened here.
IW
OK. I'll be watching it like a red hawk circling above & looking for foolish bunnies.
IW
Thats not in my thinking, actually (the 1 mill you reference, or the 20 mill in your edit).
Where do I find that 1 mill short? A date for it please. Any links? Any posts? I'm watching volume every day and is there some massive short I was unaware of? THNX
IW
I wish I knew. My question from yesterday was about the May 31st date. I myself was wondering why that date was put out there.
My basic thought is that, as long as people buy and set stops, then regardless of when the current range gets broken, the shorty guys will think they can spook people, drive the price down, and pick off the easy auto-execute stops.
If people depart from the advice the industry gives and they do NOT place protective stops, a short-side fishing expedition by shorty will be unproductive, but in my experience, people are creatures of habit, which means that its a very predictable trade for shorty to attempt to trigger auto-sells by driving price down briefly.
My guess is that shorty will be mining the protective stops all the way up because those shares are low hanging fruit.
Just my opinion.
Imperial Whazoo
I think it worth point out that 2 is a factor of 390, so its in my magnification set, but in the case of ZN, 2 is too granular. In fact, 3 is a tad too granular. The usables are 1 2, 3, 5, 6, 10, 13, 15, 26, & 30 (in the 30-or-less range). So, I could use 6 instead of 3, but right now, I'm using 3 because I think, in a low volume instance (like ZN), 6 is too close to 10 & 10 is the main usable in ZN's case. So, I use 3 and 10 to get enough difference to make the resulting chart mean something.
My opinion only, mind you.
IW
Yeah, a long time back, I was pondering ways to take "opinion" out of chart reading & it hit me that I needed to depart from the protection of the pack & fiddle around a bit. So, instead of 60, I use 65 (390/65=6 periods per day), for example.
Once I did this, it became standard practice. And pretty much based on the peculiarities of any given stock, I try various periodocities that are all factors of 390 until I see how a particular stock trades. I remember eons ago my biology classes and I had a microscope assigned to me that had a 3-click lens for three magnifications for slides. I look at the splay of factorables of 390 as my magnification set.
It works too.
IW
EDIT: and for ZN, I'm using 3 & 10 at the moment.
Let me tell you what I'm doing.
Put it up on a 3 minute candle and on a 10 minute candle. In the chart that is a 3 minute, for example, you have 4 higher lows and two higher highs. what does that tell you? Ask yourself (I sound like QAnon, lol): if every time it goes down, it goes down less and if every time it goes up it goes up slightly higher, where is the "force" or the momo?
I'd say up as of today. that is.... until it stops being the case.
So, don't panic. It's repeatedly going to higher lows and higher highs. Its like down linemen in a football game. Which side is pushing the other side about?
And here's a freebe to explain the use of 3 minutes & 10 minutes.
First, I assume that I needed to know what the traders at professional desks are doing, so I put a 9 minute EMA and a 200 minute MA on a daily chart.
EDIT: I could use 20 MA instead of 9 EMA, but I make a choice here to use a short term EMA that is commonly used rather than the 20 because the short term EMA is juxtaposed against the long term 200 period MA. Provides balance, IMHO.
So.... back after the EDIT:
This gives me a view of what big boy trading desks do out there all day every day: 9 EMA and 200 MA.
Now here's my personal "secret sauce" for interday charts:
Since there are 390 minutes in a trading day, I use a period that is a factor of 390.... 3 minutes, 10 minutes, 30 minutes, and so forth. 20 minutes (standard fare industry wide) or 9 minute EMA or 200 period MA.... not factors of 390. Hence.... you end up having to compensate for the "remainder" on every candle.
Use a factor set of periods that is factorable into 390 for interday trading. Secret sauce.
This way, by using a set of periods that is factorable cleanly in a trading day, every candle is "clean": no opinion-based shifting to the right or left to compensate for the periodic rounding error that shows up on 20 minutes or 200 minutes (defaults out there for trading desk activity.... and these are on my screens only because it helps to see what the competition is looking at).
So that's the reason I'm saying 3 minutes: I am looking at ZN using 10 mins & 3 mins and in those "magnifications", you see a set of higher lows and higher highs. That's the tell at the moment.
Like, look at the 3 min candle that just formed. If I'd been involved in something other than typing this post (LOL), I could have had a 10K share buy in at $4.26 and I bet I'd have gotten a fill.
Imperial whazoo
Its just drifting down. Gravity in numeric representation. the only thing moving today so far is the $$Dollar$$ index. Up. So, am I right or not: the dollar going up portends poorly for the market in the US because US goods cost more in other countries in relative terms of their currencies...? Right? Fewer US dollars here to buy whats already here and more cost overseas to buy dollar denominated things... Right?
Come on Zion.... paddle against the tide, man.... at least try to resist the haters.... Really!
IW
I said earlier that I never short. So......
:o)
Imperial Whazoo
My first question: why the May 31st date? Any specific reason for May 31st?
TIA
IW
What it does in an advantageous way is this: it separates the business into segregated pieces.
So, as the price of bitcoin, for example, falls, the whole company would be drug down (assuming that it mined bitcoin). By segregating the various activities, there is an ability to have the two collections of business activities behave independently. That's my first take on the impact, which I see as positive. My opinion only
Imperial Whazoo
All I can tell you is that some of us bet our money late in the day today.
Jus' sayin'
IW
Which media, if you know? I'd like to watch all of them if possible.
And regarding the .618 retrace I mentioned in my prior post, it bears noting that the ideal retrace is the 618. I always look for retraces as important price levels. A 618 is like saying "yeah... there's more to the upside coming because there was only a little retrace here."
A .50 retrace, and a .382, are less attractive. The bigger the retrace, the greater the likelihood it will do a full 100% retrace. And never lose sight of the importance of volume at (or around) the retrace levels.
Also, always watch the 200 day MA. The long tail of the ZN candle of 3/28 did a dance with our 200 day, BTW, and it was noteworthy that that level was both lower volume AND that the 200 day was rejected soundly, in no uncertain terms.
And put ZN up on a 15 minute chart. Look at the 1:30 PM central time candle. Its high volume and its a rejection of new lows. Very firm rejection at that, and look at the 2:15 hammer candle (again, using 15 minute chart). That was today's second late day retest of there being further lows; by which I mean.... using the 15 minute bars, there were two: one at 1:30 and one at 2:15.
Again: a FIRM rejection of new lows was the outcome of these two late day long tailed candles.
To have the importance of the 200 day driven home, just look at today's Russell, DJI, New York Composite, the QQQ's, the S&P 500's.... look at all of them today and they all did a dance with their 200 day's in this current general market pullback, and they reversed today (obviously, the general idea being that money managers use the 200 to trigger buying, and once they felt certain that the 200 was going to hold, they bought today).
So, watch key levels like the 200 day and the Fib level (and watch known candle patterns like hammers and hanging men) to gauge any chart.
And in the case of Zion today, the EOD hammer candle at the 618 is very telling, IMHO.
So, a hammer at the 618 is pretty encouraging.
Imperial Whazoo
Well, at today's close, the candle looks to me to be a hammer and its at the .618 Fib retrace level (.618 = $4.45) of the Fib splay running from the low on 2/13 of $2.25 and the high on 3/21 of $5.80
Now, if the traders out there who are responsible for the dastardly shorting are using Fib retrace as one of their methodologies, and given that they use candles, it is not going to be missed on them that this is the chart picture as of the close on the day the big news gets out there.
Not a bad setup, is it?
Imperial Whazoo
When I started day trading 10 years ago, I swore that I would never play short side options. Everyone in my trading circles thought I was too dumb to even consider, LOL, but guess who survived?
Net net, then, asking me about anything regarding short side issues is akin to asking me to decipher the following:
werkjndfv we]pok klet ri lkj buyuygf. uiuweyi yr qnpiosb uh eth, msi.
Evlcioiw!!
I simply do not give short side issues the slightest nod. I've got too much to do on the long side, and far too little intellect, to spend synapses on short side impacts.
I'm pretty much the last guy anyone should ask about short side impacts.
Sorry.
Imperial Whazoo
Look at it this way:
Look at it as a timely played card....
It will keep people from bailing between now and the first news that, necessarily, must be held back awaiting the actual initiation of testing.
It holds share price up because it keeps people in their shares.
It acts to restrain any fear-forced impulses to sell now with a plan of buying back in. The plan being: Spook out the average guy successfully & then step in as the buyer. An average joe, trying to be "smart", might be willing to sell now under the assumption that there will be a sell off that can be re-bought in about 2 weeks. Folks who otherwise would NEVER sell, might be mentally willing to sell shares to the spooksters thinking they can buy in once the news comes out. So, they are succeptable to the idea that selling short term will actually end up making them more money than merely holding on.
Sell shares that they otherwise might never sell with an intent to buy back in. So, spooksters might be setting this plan in motion to leverage this idea and scoop up shares.
So, the company creates a reason to stay put & NOT get stampeded out of shares. Thats what I see this doing. And its very clever, too, because, to pay for the testing, they need to raise money. So, they both hold share prices up AND raise money. Very clever move on their part.
This is a very smart move by the company because it undermines the "spookster smash down short sellers" that are, otherwise, VERY VERY likely to descend upon us in the immediate future (between now & the news).
My read of the company's idea.... a guess, mind you, but that's what I see going on here.
Very well timed & played act by the company.
Imperial Whazoo
I was watching the Level 2 and the Time & Sales like a red hawk looking for a hare.... I'm pretty sure that they did it this way:
They kept offering to buy large positions at or just below the bid. I saw 85K and 30K and 23K an so forth, and those chunky buys disappeared in an instant. They were moved or they were sold into by the average joe. Mathematically keep a step ahead..... sell chunks that are just above Ask, too, but if you did the math in real time, I bet you'd discover that the size they sold to create panic was never quite as large as the size the bought. Net net, keep telgraphing to the world that you are selling in big chunks so it looks like big holders are bailing in a hurry. By colluding amongst a bunch of traders to move the bid & ask in unison, and by presenting large blocks to the Level 2 for the ordinary guy to see, you create the impression that shares are being dumped in a hurry. All you have to do is keep moving your sells out of harm's way and offering to buy in big chunks so that you scoop up the ordinary holder's panic sells without having to give up your "offered" shares as you run the scam
Thats what I think I was watching happen. Can't say for SURE.... but this isn't my first rodeo.
Imperial Whazoo
Here's the detail this group of colluders deployed which I've not seen before:
a counterfieting of an "official" letter that is on fake (illegal) governmental letterhead.....
Thats a new one, LOL
BTW, I bought some more too but I failed to comprehend the degree of panic these guys would employ and my buy was not at the 200 day MA. In fact, had anyone asked me yesterday, I will tell you that I DID think to look at the 200 day on this chart, but it was so far down there that I would have given you a 100% "Not Gonna Happen" as my guess on how likely a retrace to that level would have been.
I got more shares but not, by any measure, at the best level. My expectation, frankly, was that 3.40 would have held, and when it broke that level, I had to sit back and say "Lord.... I need a column of fire or a column of smoke because I'm not seeing the plan here!" Well, guess what.... He delivered a clear explanation to me of what I was watching happen. Anyone wondering what I see as the explanation I asked for, go look at my post a short while ago.
Column of fire.... column of smoke, baby! Blessed be the Name of the Lord!
Imperial whazoo
That should be a lesson to everyone regarding how to use colluding trading desks to accumulate shares from the people whose trading approaches are predictable.
Here's the program:
Scoop up shares by driving people with the "hotshot" of panic. In ZN's case, since there are so many people who are shareholders out of FAITH, the degree of the panic had to be larger tha usual.
First of all, there are always people with protective stops in place. So, it is standard trading desk practice to drive prices down to trigger the automatic triggers. Bingo.... lots of shares get scooped up.
Next, in ZN's case, you have to convince the faithful to panic. So, to do this, drive the price past the 382 Fib retrace (3.70 m/l). Not done there.... not by any measure.... Uh Uh....
Drive it past the lower wick of 2/14/18 (3.40). Not done there either.....
In fact, the need is to "target" the tagging of the 200 day moving average (which did get tagged just a few minutes before the release of news that caused the INSTANT gap back up). The 200 day is 3.13, by the way.
I used to work in a live stock auction. We used hotshots to drive reluctant bulls into the chutes. We long and strong bulls are allegorical reluctant bulls, as I see it.
This was "Basic accumulation tactics 101" pulled off to perfection.... Create a stampede and scoop up the shares that fall into open trading.
IMHO... the size of this event and its absolutely brilliant adherence to this time honored boiler-plate accumulatiion scheme...
Let me put it this way:
This would not have been the event these colluders resorted to, and to this degree, if there were not a huge upside that they expect to benefit from later this year. Thats my take.
Imperial Whazoo