Fully invested in secondary oils (100% long)
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If you look at a 5-min chart, you will see that the 3.60 level formed a horizontal resistance line while the lows were stepping higher... Then that line was broken to the upside into the current trading range of 3.58 to 3.62 as the lower limits and the HOD as the upper limit imho.
Yes!... What appears to be a "rising wedge" is actually an "ascending triangle" which has broken through the 3.60 resistance level, and now that level is providing strong support imho.
There is always some short covering, some short-selling, some buying, and some selling going on throughout the day... What is interesting to me is the fact that the volume today was so low that it would take the shorts 2 or 3 weeks to cover their positions, even if nobody else bought a single share!
"It's not the news, but how the market reacts to the news that matters!"
"A rise on news, is not nearly as bullish as a rise on no news!"
"Money is not made by trading, money is made by sitting!"
(Jesse Livermore)
"Buy the rumour, and sell the news!"
Yes Woody, it portends a big "Gap-and-Run" Tuesday imho...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133986463
Methane hydrate is nothing new!... The problem is economics...
This is the key phrase...
"Though current low energy prices make mining methane hydrate economically unwise at the moment, China is thinking of the future."
The truth is, NOTHING can economically compete with crude oil and natural gas at current prices!... Nuclear power plants are being converted to natural gas... Coal-fired power plants are being converted to natural gas... Solar, wind, etc. etc. etc. CANNOT COMPETE with oil & gas at today's low prices!
Re: Short-term charts... The 10-day 30-min chart depicts an extremely bullish "cup and handle"
I think they are increasing their positions by buying the shares that the short-sellers are selling... If so, the short-sellers are caught in an enormous bear-trap that just slammed shut!
Thanks tisdal, that's great news!
Re: Zion Oil & Gas institutional holdings...
http://www.nasdaq.com/symbol/zn/institutional-holdings
The list of institutions holding shares of this company reads like a "Who's Who of world class investors!"
That's where you're wrong, Moses... Fundamental shorts are not "sophisticated traders"... They are "long-term investors!"
"The only traders who buy at the bottom, and sell at the top, are liars!"
When you say "very clear covering opportunity" you are speaking as a "technical short" with the benefit of hindsight, which in this case is totally irrelevant because they are "fundamental shorts" who think the stock is completely worthless and should be sold at any price above zero!... A short position can be held indefinitely (as long as you pay any interest due)... Day traders often hold short positions for less than an hour!
There are "fundamental shorts" and there are "technical shorts"...
As Tisdal said, the short-sellers have been sold a bill of goods as to the integrity of Zion Oil & Gas... They have been convinced that it is nothing more than an ignorant band of religious fanatics that know nothing about the oil business... So I guess you could say that they are "misguided fundamental shorts" who believe the shares are worthless!
"A wave 3 is a thing of beauty!"
A gigantic "bear trap" has just slammed shut imho...
That's right folks... Today ZN made an upside breakout from the big "falling wedge" on the daily chart which is a "MAJOR BUY SIGNAL"...
Also: An extremely bullish "cup and handle" has formed on the 2-day 5-min.
It's "SHOW-TIME" imho.
Re: "Short selling 101"... Rule #1 is "Never short a stock with a rising short interest"... Rule #2 is "Never short a stock that requires a premium to borrow" (Joseph P. Granville)
Also, it is not the short interest, but the "short interest ratio" (short interest divided by the average daily volume aka "number of days to cover" that is important... A short interest ratio of less than 1 is bearish, 1 to 1.5 is neutral, 1.5 to 2 is bullish, more than 2 is extremely bullish!... As Tisdal just mentioned, it will be interesting to see what tomorrow evening's update says!
"He who sells what isn't his'n, must buy it back or go to prison!"
Yes, tisdal!... That is a "perfect description" imho...
LET'S ROCK & ROLL!!!
The well will be cased all the way to the bottom as originally planned... The only thing that has changed, is the fact that they had to case this recent interval much sooner than expected (due to the fact that it is so productive) which means that the final casing string will be of a smaller diameter than originally expected. (Each casing string must fit inside the previous one, and goes all the way from the surface to the current bottom!)
http://www.rigzone.com/training/insight.asp?insight_id=333
I think the reason they had to go so slowly through such a porous zone, is because of the extremely high pressure exerted by the oil, gas and water, which required the use of very heavy drilling mud to keep the walls of the bore hole from caving in, and to keep the extremely high pressure liquids from causing a "blow-out"!!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133721269
Filled Buy to Open 26 ZN Sep 15 2017 5.0 Call Limit 0.10 -- -- 11:44:40 08/22/17
Filled Buy to Open 26 ZN Sep 15 2017 5.0 Call Limit 0.10 -- -- 11:44:40 08/22/17
ZN E-waves: (my current count)...
Primary wave 1 was "five waves up" from 1.09 to 6.90
Primary wave 2 was an "ABC down" from 6.90 to 2.60
Now its time for primary wave 3 to begin with a "gap & run" imho
"A wave 3 is a thing of beauty" (and gappy as hell)
I think this paragraph explains the blah blah blah!...
"The holder of a petroleum right is expected to carry out his operations with due diligence and in accordance with the accepted practice in the petroleum industry. He is required to submit progress and final reports, as detailed in the Law and Regulations. The information supplied by the holder of the petroleum right is kept secret for as long as he has a petroleum right (permit, licence or lease) on the area concerned."
tisdal... Green Dolphin is right... Here's the official site...
http://energy.gov.il/English/Subjects/OilAndGasExploration/Pages/GxmsMniOilAndGasExplorationLobby.aspx
(Scroll down, and click on Synopsis of the Israeli Petroleum Law and Regulation)
"The second type of right is the licence, bestowing an exclusive right for further exploration work, and requiring the drilling of test wells. The initial term of a licence is up to three years and may be extended for up to an additional four years. A licence area may not exceed 400,000 dunams (approximately 100,000 acres).
Upon discovery of petroleum, the licencee has a statutory right to receive the third type of right, which is a production lease. The initial lease term is 30 years, extendible to a maximum period of 50 years. A lease confers upon the leasee the exclusive right to explore for and produce petroleum in the lease area and requires that the leasee produce petroleum in commercial quantities (or pursue test or development drilling). The leasee is entitled to transport and market the petroleum produced, subject to the right of the Government to call upon him to supply local needs first, at market price. A leasee is liable for a royalty of one-eighth (12 1/2 %) of the quantity of petroleum produced and saved from the lease area, excluding the quantity of the petroleum used in operating the leased area, and subject to a minimum royalty set forth in the Law.
The holder of a petroleum right is expected to carry out his operations with due diligence and in accordance with the accepted practice in the petroleum industry. He is required to submit progress and final reports, as detailed in the Law and Regulations. The information supplied by the holder of the petroleum right is kept secret for as long as he has a petroleum right (permit, licence or lease) on the area concerned .
The holder of a petroleum right is entitled to import into Israel, free of customs duties and other import levies, the goods required by him for petroleum exploration purposes.
The grant of a petroleum right does not automatically entitle its holder to enter upon the land to which the right applies or to carry out exploration and production work, when the same requires the consent of other public bodies (e.g. Planning and Building Authorities, Nature Reserves etc.)..The holder of a petroleum right may request the Government to acquire, on his behalf, land needed for petroleum purposes. It is the responsibility of the petroleum right holder to get the other necessary approvals.
The Law provides for an administrative structure, headed by the Petroleum Commissioner who acts in consultation with an Advisory Board. The Petroleum Law is under the responsibility of the Minister of National Infrastructures."
Filled Buy 100 ZN Limit 2.8749 -- -- 14:52:02 08/17/17
Filled Buy 100 ZN Limit 2.8749 -- -- 14:52:02 08/17/17
You're welcome!... This is what I think we have...
https://tradingsim.com/blog/bear-trap-stocks/
Here's an example of core sample analysis turnaround time...
http://www.ktgeo.com/price.html
From a high of 3.30 to a low of 2.65 and then back up to 3.00 is a "round trip" of exactly $1.00
If it continues to move at the same rate tomorrow, it will close at $4.00
Sorry!... Here's the second video...
Here's proof they already know whether they have oil...
(just watch the first two videos)
Filled Buy to Open 3 ZN Aug 18 2017 2.5 Call Limit 0.48 -- -- 14:42:34 08/15/17
Filled Buy to Open 3 ZN Aug 18 2017 2.5 Call Limit 0.48 -- -- 14:42:34 08/15/17
C'mon bears... Was that the best you could do?
The "bear party" is over!!! imho
The last 13 trading days completed a short-term falling wedge within the long-term falling wedge, with excellent volume confirmation imho!
Zion Oil and Gas Inc *W EXP 01/31/2020 NASDAQ: ZNWAA Price $0.00 Day's Change
0.00 -- Bid 0.00 Ask 2,431.49 B/A Size 0x600 Day's Hig -- Day's Low -- Volume 0 August 14, 2017 12:00a
Not a single warrant has been traded, which means they are all being held as long-term investments imho!
Yes, they are!
I think the 2D seismic was processed in Israel, and the 3D & 4D was processed in the U.S... Here is the key phrase imho...
"The data will then be computer processed by both GII and Eskaton Seismic (based in the U.S.)"
https://www.linkedin.com/in/bill-wepfer-99466826
https://books.google.com.br/books?id=bpupDQAAQBAJ&pg=PA270&lpg=PA270&dq=Eskaton+Seismic&source=bl&ots=QMf1tnWuSb&sig=e2fvInleWISZNwWby0Xk9geT6K0&hl=pt-BR&sa=X&ved=0ahUKEwiJ35_f69TVAhUDIpAKHR88B3EQ6AEIRjAF#v=onepage&q=Eskaton%20Seismic&f=false
10-q is saying... "Blah blah blah, we have nothing!"
(So they probably have something big!)
That's the "coil bottom" I just mentioned...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133782485