Fully invested in secondary oils (100% long)
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On a 1-minute chart, this is the highest volume of the day...
11/28/2017 12:07 O 2.001 H 2.001 L 1.91 C 1.949 V 96,582
Since most of that volume was traded between 1.91 and 1.95 it could not possibly have been "profit-taking" which means it was "accumulation!"
No tisdal, nobody "dropped" anything!... If a big block "traded" on a down-tick, it was because a whole bunch of stop-loss orders were executed and an institution or large MM scooped them all up at a bargain price!... Its big-time accumulation pure and simple!
Also, selling shares that were purchased more than a year ago at a much higher price, to re-purchase via the units offering makes no sense! Those new shares cannot be used to "sell the news" and even if they could, it would no longer be taxed as a long-term capital gain, because they were held for less than a year!
Now 2.30 after hours... Houston, we have "lift-off!"
`Sounds good to me tisdal, that limits an important source of shares for new buying and short covering, creating an extremely explosive situation!... Tick tock tick tock... (I seriously think this is the final count-down to "lift-off" Houston)!
tisdal, shorting (and covering) is an insignificant percentage of trading volume!... Therefore, it absolutely CANNOT determine the price trend... However, if the price is trending lower, more short-selling than short covering can slightly enhance the process... and if the price is trending higher, more short-covering than short-selling can "add fuel to the fire!"...Most shorts are fundamental shorts, which means they are convinced that the stocks fundamentals do not justify the current valuation... Unlike day traders who buy on dips and sell on rallies, they get encouraged to sell short when shares are falling, because they think it's the start of something big, and end up selling the most at market bottoms... When prices rise too much, they are forced to cover at a loss, even though they don't want to!
RE: Short-sellers...
“People have to understand that if a stock price declines, it’s almost never the short sale that pushes it down, it’s usually the long sellers selling,”
https://www.marketwatch.com/story/short-sellers-are-not-evil-but-they-are-misunderstood-2017-11-08?siteid=bigcharts&dist=bigcharts
tisdal, the float is the number of shares available at the current price, which is virtually ZERO! imho...
"The float is the number of shares actually available for trading. Float is calculated by subtracting closely held shares -- owned by insiders, employees, the company's Employee Stock Ownership Plan or other major long-term shareholders -- from the total shares outstanding. At the right price, of course, the closely held shares may start to float. Funny how that works."
https://www.thestreet.com/topic/46442/float.html
You are absolutely right, a gigantic "bear-trap" has just slammed shut, imho
I don't expect any serious short-covering until the price rises enough to force them to "run for cover" (and add fuel to the fire)!... I'm betting that the next short interest update will show another increase!... I totally agree that this "bottoming process" is running out of time!
"Back up the truck, and load the boat!"
Yes, Oddlot!... I agree!... An intermediate TOP is in!!!
I think this "Raging Bull" market has completed wave 3 of 5 waves up from the MAJOR BOTTOM in 2009
I also think that this top is a 9-year cycle high!... The 9-year cycle low is due in January or February imho (9 years from the 72-year cycle low in 2009).
I expect about an 18% correction to around SPX 2100 by then...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130228202
In the meantime, I expect the price of crude oil (and oil stocks) to rise!
Good Trading!
tisdal, I think the selling is exhausted, and a "major up-trend" will begin tomorrow!
WowieUp, he didn't want to sell! (had no choice)
Relax amigo!... Here's your answer...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=136367300
Because if ZN does not move higher, either one is a total loss... If it does move higher, it should be a MAJOR move, and this way I bought twice as many options!
tisdel, I bought another 85 ZN Dec 5 calls.
That means I now have options (warrants) to buy 11,800 shares of ZN at $5.00 a share any time between now and December 15th... If ZN pps is more than five dollars, I can sell the options in the open market for the difference without having to actually buy any shares.
Filled Buy to Open 29 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 1 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 3 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 7 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 3 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 7 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 9 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 1 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 1 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:06 11/21/17
Filled Buy to Open 1 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 23 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 29 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 1 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 3 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 7 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 3 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 7 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 9 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 1 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 1 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:06 11/21/17
Filled Buy to Open 1 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
Filled Buy to Open 23 ZN Dec 15 2017 5.0 Call Limit 0.05 -- -- 12:34:05 11/21/17
That's ridiculous!... It takes a bulldozer less than a day to cover up a reserve pit and complete the abandonment of a well... The fact that they haven't done it, is powerful evidence that the wells are actually capable of producing commercial quantities of light sweet crude oil imho!
They have NEVER told us anything of substance, and I seriously doubt that they EVER will!
tisdel, that new license is composed of the parts of two previous licenses which are pertinent to the discovery field... In other words, those three previous wells are located within the confines of the 99,000 acres which comprise this new license!... Here is proof that Zion is still operating those previous wells (from the latest 10Q)...
"Zion has plugged all of its previous exploratory wells on its former Asher-Menashe and Joseph License areas, and the reserve pits have been evacuated, but acknowledges its obligation to complete the abandonment of these well sites in accordance with guidance from the Energy Ministry, Environmental Ministry and local officials. We continue to make significant progress toward fully abandoning all these sites."
What ever gave you that idea?
Moses... All three of those wells were said to contain "non-commercial quantities of crude oil"... However, in their most recent quarterly report, they listed the completion of the abandonment of those wells as a liability... Now my question to you is if those really were "dry holes" why haven't they completed the abandonment?
Of course not... That would require perforation of the casing, which would defeat the purpose of setting the casing in the first place!
Yes tisdal, that is exactly what's happening with MJ#1...
Its a MONSTER WELL!!!
Agreed!... I like I like the fact that they're out of the shale and oil sand plays, and less natural gas production oriented... They are moving into LNG, and deep-water Gulf of Mexico where they have more acreage than anyone else on the planet... They also plan to resume production from the 3,000 wills in the Denver Basin before year-end, which will trigger a big jump in earnings!
Since we know the institutions are accumulating shares, we can assume that they are pressuring Zion executives to cooperate with them (the largest shareholders) in their efforts to do so by shaking out some small investors, and sucking in more short-sellers (to replace the ones that are forced to "run for cover!"
Short interest is increasing slightly, while Institutional Holdings are increasing dramatically, and insiders are standing pat...The difference is obviously provided by "shaking out" individual investors such as Kid-Gloves... That's why Zion is trying to "piss us off" (to shake us out) imho.
RE: ZN daily stock chart...
Today's "doji" was an "inside range day" and a "narrow range day" and a "middle-of-the-range close day"... Adding the fact that it was a much lower volume day, and tomorrow is "Thursday Reversal Day" we have 5 good reasons to expect a strong up-trend to commence tomorrow imho.
Ha ha ha!... Thanks tisdal, great story!... Loved it!
"All businessmen are sons of bitches!" (John F. Kennedy)...
He should know, because his father, Joe Kennedy, made his fortune in the liquor business during prohibition, and running "pool operations" (pump & dump) in the stock market during the roaring twenties!
Nothing has changed... Oil company executives still try to shake out the longs and suck in the shorts when they have something big, by claiming that they "may not make it as a going concern" or "are really disappointed that it was a dry hole" or "are praying for a successful well" etc. etc. etc. bla bla bla!
Bottom Line: Ignore the news! Just watch the stock price and volume!
Yep!... Me too neither!
Awesome!
RE: ZN Institutional Holdings Updated...
http://www.nasdaq.com/symbol/zn/institutional-holdings
Yep!... Looks good to me!
Tic-Toc
OK, now I understand... He's out!... Family is in!
HUH?... You said you were out!...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=136197319
TAB78... I have already clearly answered that question!...
Regardless of the news (or lack of it), a rise in the pps will force the shorts to "run for cover," adding fuel to the fire!
"A rise on news is not nearly as bullish as a rise on no news!"
"Buy the rumor and sell the news!"
HOUSTON, WE HAVE "LIFT-OFF."
Enjoy the rocket ride!
Yes tisdal, the top 10 mutual funds have 2,227,250 shares,
and the top 10 institutions have 2,228,920 shares,
for a grand total of 4,456,170 shares.
It could go higher tomorrow!
The shorts are "toast"
All four of the top ten that have already reported have INCREASED their holdings!...
Owner Name Date Shared Held Change (Shares) Change (%) Value (in 1,000s)
VANGUARD GROUP INC 06/30/2017 1,212,744 37,599 3.20 2,446
BLACKROCK INC. 06/30/2017 356,108 132,569 59.31 718
GEODE CAPITAL MANAGEMENT, LLC 06/30/2017 222,752 74,569 50.32 449
BRIDGEWAY CAPITAL MANAGEMENT INC 06/30/2017 142,385 0 0.00 287
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 06/30/2017 115,780 (115,780) (50) 234
NORTHERN TRUST CORP 09/30/2017 98,066 30,619 45.40 198
BANK OF NEW YORK MELLON CORP 09/30/2017 50,987 19,957 64.32 103
BANK OF MONTREAL /CAN/ 09/30/2017 44,200 43,200 4,320 89
ADVISOR GROUP, INC. 09/30/2017 34,811 2,775 8.66 70
LPL FINANCIAL LLC 06/30/2017 30,021 216 .73 61
http://www.nasdaq.com/symbol/zn/institutional-holdings
Moses, tomorrow all reports will be "as of 9/30/2017"...
(changes after that will not be included)
Dream on little dreamer, that will be the day!