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So if short, one must ask themselves if they feel lucky. Looks like one strong hand is firmly in control.
Missing press coverage bigly. Sorely missed lol.
Nice cup and handle video explanation:
No answer this afternoon, office apparently closed.
I'll call IR later this afternoon. Would a hired "collector" be tempted to try to nibble at call options or is this too risky a "tell" with a thinly traded company like ZN?
10Q is thru 6/30/17 and shows 8.5 million raised in funding thru 6/30/17 -
which actually barely offsets the quarters' drilling production costs. It still seems to me that ZN apparently raised 15-20 million with a very unattractive and short lived stock option program which expired in July 2017... I'm not complaining just a very curious.
While we wait, a question for the board. I'm still intrigued and puzzled by the surprising announcement that ZN had FULL funding from the most recent stock/warrant offerings and was closing this funding source. There must have been at least one very large MYSTERY investor who took part in this fundraiser in order for it to have been so successful. Think about it, ZN likely raised 15-20 million! - and we all know that mom and pop Christian small investors just can't add up to this figure. Also, the offering was a bit complicated in description and execution to boot... I did not particularly like it myself (not enough warrants at $1 to take the risk for me anyhow). SOOO how did we raise this large amount of funding? My pure speculation here but could a large hedge fund like Blackrock -who may be motivated to fund large ZN stock purchases to cover anticipated shorting and /or to possibly run up and simply sell high for a profit? If a large hedge fund was the mystery investor - or even a large private individual, would they have had to disclose on the recent filings or is it possible they could legally postpone their increased investment activity? Also, could large, existing ZN company employee stake-holders sell existing shares to directly fund an equal "net" amount of subscription shares without triggering a major ownership questionable ownership debacle? THERE SEEMS TO BE A LOT MORE TO THIS STORY with who funded this recent endeavor that we are not aware of and ZN chose not to disclose the details. Your thoughts? Thanks in advance :)
Coiled up, no volume, pending either press coverage or another PR update, wait for it, wait for it... ZN unlike any other stock.
I clearly hear you Yoda and I agree it totally sounds crazy - which is actually the point - even ZN at $3 is crazy lol. Re-Ality valuation is already a joke and pps is purely based on extremely leveraged short positions and the potential gullible public rushing to buy in on even the presumption of a find - what is that value lol with no available shares to short.... Years ago ZN did jump to $12 on hype alone. Throw out the book on valuing ZN lol. She is one of a kind. A textbook will be written one day.
Re:methane hydrate Blissbull.
What especially caught my eye was the picture in the article link below showing that land drilling can potentially tap into offshore methane hydrate reserves as they travel (and likely chemical transition) through fault lines. This could potentially explain a huge Mediterranean Sea reserve flowing up through a conduit fault line to ZN's well. Image a huge concentrated reserve of compressed methane hydrates naturally chemically transitioning into gas flowing like an endless honey pot. Just need to stike the lucky fault lineZN :)
https://www.google.com/amp/s/www.washingtonpost.com/amphtml/news/wonk/wp/2013/03/12/japan-tries-to-unlock-the-worlds-biggest-source-of-carbon-based-fuel/
Thanks Chartmaster. Great stuff from your lips and keystrokes to God's ears. I know the hedge fund supercomputer programs often follow the chart pattern projections - no matter how crazy the underlying valuation may be lol. The supercomputer models may know that this very thinly traded stock is a perfect setup for an epic bear trap rally like never seen before. I truly wonder if it computer model is recommending suddenly opening up Monday morning at $10+ and then jumping around going up 3 days straight topping out at $20 - all on speculation alone and forced short covering stop loss targets. Have you ever witnessed another stock as unique in valuation and ownership characteristics? I can't. The perfect epic bear trap of the century lol - with the fuzzy ambiguity of the recent management visit providing just enough fuel to fan the flames if a possible huge discovery. Just never know right?
Methane hydrate: notice the key words hydrate deposits are "several hundred meters thick" hmmmm sound familiar?
Methane hydrate is a cage-like lattice of ice inside of which are trapped molecules of methane, the chief constituent of natural gas. If methane hydrate is either warmed or depressurized, it will revert back to water and natural gas. When brought to the earth's surface, one cubic meter of gas hydrate releases 164 cubic meters of natural gas. Hydrate deposits may be several hundred meters thick and generally occur in two types of settings: under Arctic permafrost, and beneath the ocean floor. Methane that forms hydrate can be both biogenic, created by biological activity in sediments, and thermogenic, created by geological processes deeper within the earth.
While global estimates vary considerably, the energy content of methane occurring in hydrate form is immense, possibly exceeding the combined energy content of all other known fossil fuels.
https://energy.gov/fe/science-innovation/oil-gas-research/methane-hydrate
Prophecy update: a NEW Energy source will be discovered and America and Israel will be providing this NEW energy to the entire world. Could this be it? Methane hydrate....
http://www.scmp.com/news/china/policies-politics/article/2094906/promising-new-energy-source-beijing-tapping-south-china
Question for Chartmaster - was your $10-12 ZN chart prediction based upon the last 8 years of data from 2009-2017 data or recent months? I do like the chart thanks a lot :)
Bear trap analysis reposting of link & my observations:
Based on this excellent link below, note the "low volume uncertainty" tell - its listed at the bottom of the article in "conclusion."
Note also how the bear trap charts look just like ZN's recent chart activity. I post this again because I was actually wondering to myself why the volume was lower than expected yesterday on the pullback in price.... Seems to now fit the bear trap pattern.
https://tradingsim.com/blog/bear-trap-stocks/
from the article link above at the end "Conclusion":
It is called a bear trap, because this chart pattern often lures traders into short positions only to quickly reverse to the upside.
Bear traps could sometimes be identified and avoided.
Some of the tools, which help us against bear traps are:
Volume Indicator – low volumes represent move uncertainty.
Fibonacci Levels – price tends to bounce from crucial Fibonacci levels.
Divergence Tools (like Oscillators) – Bullish divergences imply upward price move.
Price Action – patterns could often contradict to bearish breakouts.
If you find some of these four signs during bearish breakouts, this could be a bear trap.
Spotting bear traps help us avoid them.
Bear traps could easily be hedged simply by putting stop loss orders on your trades.
The opposite equivalent of bear traps are the bull traps.
Bull traps act the same way as bear traps but in the opposite direction.
My game play for either an extreme bear trap spike or actual large ZN oil and gas discovery are the Dec 2017 $10 call options. These $10 calls are high risk but selling for 10 cent or less so $1,000.00 gets you locked into the gains on 10,000 shares of ZN should ZN spike over $10.
Upon discovery of oil and gas, if ZN goes to $20 per share your $1000 /10,000 share call investment will be worth $100,000 in profit.
If ZN spikes to $13 on a bear trap play, your $1000 gamble will result in $30,000 profit.
Even if ZN only spikes to $6-7, these $10 call options will double or triple in value if you wish to sell a portion to cover your initial $1000 outlay.
I say the $10 Dec 2017 calls are a great investment my friends and worth the risk :)
When God goes big He goes BIG like in BIGLY :) I just have a super strong feeling that when ZN does announce their real discovery - that the manipulating hedge funds with their maxxed out short bets will be completely surprised, flat-foot and dumbfounded. God is quite possibly setting the BEAR TRAP of the CENTURY even of all TIME!
Tick-tock, tick tock.....
My thoughts on why ZN is and always has been a perfect target for a bear trap setup. First off, understand that ZN actually trades very thinly. The market makers have their way pushing ZN's value around at will - made possible because most holders of ZN stock are long term holders and not active traders but conservative Bible faith based holders that have a long term vision.
Illusion of volume. ZN's volume is 95% fake sales aka machine generated market maker computers buying and selling to each other. Think about it - what Bible, faith based investor would be selling their shares of ZN while they are actively drilling after 3 years of waiting? Very few - and to the contrary - they are likely adding to their positions in small purchases based upon optimism. ZN has very little institutional support (because its a crazy bet without faith - and looking at the fundamentals is even more scary as they are extremely overvalued EVEN as a wildcat drilling operation!)
Because ZN trades so thinly and has so many long term faith based investors - this plays into the bear trap setup perfectly. Even purely speculative rumors of a possible early drilling discovery would send ZN's price to the moon. A large manipulative conspiring hedge fund could and should be considering BURNING the retail shorts forcing a major covering bear trap spike higher in value. The manipulative market makers are likely even intentionally planning to fleece the current ZN long term holders who would add to the short cover bear trap by buying even more into the ZN excitement by word of mouth to friends and family (don't want to miss out....)
A little rumor and well-timed press release/coverage will add rocket fuel to a bear trap run.
Why not? tick-tock, tick-tock....
Lol chartmaster your charts are going back several years (mostly a time of yawn yawn no active drilling). These times of low volume are clearly misrepresenting the future projections. You need to define the chart projections based on just the last 3 months of activity.
It's a shame we don't have any Russell indexes that rebalance in the fall. Good for a spring bounce.
Re: Short Interest
Thanks Tisdal for the short interest update re-posted below. Are these numbers inferring that based upon the longer days to cover that there are fewer shares available for short sellers to purchase? Yet the kicker is that we all know the avg daily share volume is machine generated and not real to give the illusion of greater interest or disinterest - I've always assumed to mask the real buys and disposals. Question, would you say this report is neutral, positive or very positive? Thanks in advance
Short Interest Reported
Settlement Date__Short Interest______Avg Daily Share Volume____Days To Cover
8/15/2017________3,565,405________819,116_________________4.352747
7/31/2017________3,604,407________2,043,453_______________1.763881
7/14/2017________3,453,956________3,989,883_______________1.000000
Wow, 4.35 days to cover. I would say they are fighting for their jobs right now. Watch out if IR is able to convince Institutions to go long this stock based on what they have found.
Thanks Tisdall and Bliss for the education. It seems the big boys do indeed have a gentlemen's agreement to not burn each other. Monopoly and insider boys know its a sin to compete against each other right lol? Market makers look to complement each other. I've always wondered why a truly bad arse rogue hedge fund never emerges in today's stock market just looking to take advantage of overly shorted low float gems - and force an extremely high and painful covering.... I have a feeling management would likely find themselves having unfortunate clinton-esque accidents.
Thank you Bliss. So if I am a fundamental short and if I see the technical shorts covering with high-volume at a relatively low price per share - I would logically take the hint and likely cover too. It seems to me even the fundamental shorts would want to benefit by covering low, reversing and going temporarily long, allowing it to go back up and re-sorting at a higher level. Wash rinse repeat wash rinse repeat making money both ways each time. Price volatility should be beneficial to the sophisticated traders here are looking to maximize profits. I'm also curious why a large well endowed hedge fund wouldn't take advantage of a large retail short interest on a low float stock like Zion and say run it up to $10 plus just to force a massive artificial generated short covering. I very rarely hear of a short covering resulting in an exponential spike in price. It's almost if additional short shares are always available no matter what the reports say regarding availability..
But can you explain why the short interest seems to have gone up (based on hard o borrow more expensive interest rate) even though we just went through a very clear covering opportunity? Should be less expensive in my opinion now... What am I missing? Also, how long does one typically have to carry a short position? Any time constraints barring a margin call should it going the wrong direction? Thanks in advance guys.
So why didn't every short seller understand that it was time to cover when volume picked up to 2+ million at $2.50? Who would cover and short more that low? It seems that available short shares should be plentiful and cheap to borrow about now seeming as how we just passed a clear covering opportunity. What gives?
If the cost to borrow shares to short keeps going up like 125% interest rate up from 90% interest rate a month ago, does that mean that the shorts sellers are worried and should fret about covering or is this a positive for them as it seems even more people think it's a good idea to short and are eager to get in on the short selling and willing to pay more to borrow shares to do so? I've never been able to make sense of the short percentage being a reliable indicator- it always seems to be a fake number mumbo jumbo with no bearing on the future price. Any help is appreciated thanks in advance
What if ZN hits a recoverable 22 Trillion TcF natural gas reserve like NOBLE did? EXCEPT its even better because its ON-SHORE and MUCH MUCH easier to bring to market and distribute???
http://investors.nblenergy.com/releasedetail.cfm?releaseid=1014140
ZN is truly unlike most any other oil stock. On the surface to logical market makers/hedge funds, it seems crazy to value a company at over 150 million (ZN stock at $3.00 share = $150 million valuation) with no proven oil reserves and looks like a wildcat hit/miss/bust drilling operation on the verge of solvency. Consider that they have drilled over 4-6 wells in the past 17 years and all have come up completely dry... However, ZN remains and miraculously has been sustained through each very difficult and heart felt failure... So it surely seems like a good short bet to the market maker - ZN should only be trading at 50 cents a share at best lol.... HOWEVER, they must ask themselves what if ZN should strike a huge gusher like NOBLE energy did off the coast of Israel? WHAT IF... WHAT IF...
Since Zion Oil has a HUGE Christian and Jewish WORLDWIDE media following... now if they're is even a whiff of productive oil or gas presence can you imagine the stampede? Seriously conventional valuation isn't even a consideration which is almost crazy!!! A whiff of oil will send this stock into a short panic and BOOM over $15-$20??? Every Bible believer who recognizes the prophetic verses regarding the treasure of the deep will want to have at least a small position in ZN....
ZN unlike any other! In God's perfect timing may it come to pass :)
Can anyone confirm the original casing depth Zion originally planned?
2 weeks of drilling and only 700ft - and they say the strata is porous so it should have been very easy drilling.... I wonder why they were going so very slow and careful other than of course what appears to be finding shows and gas pockets? Any oil and gas pros out there who might could give insight? Thanks in advance.
Not showing on the breakout boards yet... tomorrow likely :)
Lets see if the big boys/market makers generate their own press to run this up on pure speculation alone... Watch for news in the press in the next few days :)
Seems as if the market makers have this ZN stock is in holding pattern trying to figure out how to play todays PR news release. I have a feeling a good deal of real short covering has taken place and they are planning their next move. Wash rinse repeat. Know that very soon, newspaper and Christian TV interviews will follow to cover this ZN Oil management visiting the drill site story. Positive press is going to put lots of pressure on the short sellers and they will want to close and take a new position.
Between Aug 9 (5850 ft) and Aug 21 (6560 ft) Zion Oil has only drilled 710 additional feet. THEY ARE DRILLING VERY VERY CAREFULLY AND EXTREMELY SLOW - I was looking for an updated report of 9k+ feet but I am not disappointed. ZN is likely looking at great mudding shows or at a minimum great porous reservoir qualities - should they hit a gusher will this be useful or unecessary? It is telling that they stopped to case early and are bringing management over to look at the operations RIGHT NOW :)
Prophetic Update: Not a coincidence yesterday was a heavenly solar eclipse "sign" day which will culminate in 40 days (Sept 30) on Yom Kippur the holiest day of the Biblical calendar! Today's ZN announcement- the day after the solar eclipse passed over the entire US - is not a coincidence.
The start of the US solar eclipse passing over the US began in the the city Salem Oregon (and also seen in Dallas too). Salem is of course an abbreviated name for Jerusalem connecting the "start/beginning" of a powerful God Move connecting both ISRAEL and AMERICA. Perhaps this is in connection to the Mark Taylor prophecy about the the US and ISRAEL regarding ENERGY ENERGY below:
Mark Taylor -aka the Trump prophet- also has a prophecy about America and Israel regarding "Energy Energy" and an apparant "volcanic eruption as a sign" Listen 5:27 mark...
Very Good Report! They CHANGED their drilling schedule to test and case the last several hundred METERS (1 thousand feet or more? wow!) Aweseome report:
Senior Geoscience Advisor, Dr. Russell explains, “Recent drilling over the last few hundred meters suggests the possible existence of a highly fractured carbonate section in the Jurassic, which presents optimism for potential reservoir characteristics. Carbonate reservoirs are prominent in the Middle East, with around 70% of oil and 90% of gas reserves held within these reservoirs. Based on the evidence of existing fractures, we are eager to see what the next logging run will show us. There are multiple zones of interest through which we still plan to drill and evaluate as we drill towards our total depth.”
Zion President, Dustin Guinn, adds, “Given the formation characteristics that can be expected with highly fractured carbonates, we made the decision, to insure safety and well integrity, to case this interval at a shallower depth than previously anticipated. While this is a change to the drilling program, it is not expected to materially affect the expected total depth to which we hope to drill. I am also excited about the formation characteristics and while it may present drilling challenges, it may also present reservoir characteristics that are intriguing.”
Mark Taylor -aka the Trump prophet- also has a prophecy about America and Israel regarding "Energy Energy" and an apparant "volcanic eruption as a sign" Listen 5:27 mark...
Zion should be around 9-10k feet down about now 8/21/17. The drilling is actually faster in the this middle section as you don't have to install steel casing as you go and cement. I actually think its a positive that ZN's management is mostly silent and hush hush hush this time around. Mind you -they don't have to advertise and sell shares to support the current well drilling program BECAUSE they already have enough to cover completion and testing! This is good for us the existing shareholders but markets don't reward silence... Dont' worry and keep praying saints those that know rewards come often a period of silence and testing. Have PATIENCE - and if you really have faith - buy buy buy the Dec $5,7.50, 10 call options!
Glad to see them cover early this week today Tuesday 8/15/17 as we still have 3 more days to get to the MM's targeted option Expire day 8/18/17. Remember last month's option expiration day 7/21/17 the MM's pegged her at 5.01 (kinda the weighted avg of options sold in that month). Who knows for sure but will likely be either $2.50 or $5.00 (I'm hedging $5.01 again as good news and PR are pending 9K feet down by now).
Hate to see the MMs cover this low but also glad to see it with the volume finally. Now we go back up to $5.