Fully invested in secondary oils (100% long)
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Wow!... That's hilarious!... In the Denver-Julesburg Basin of Colorado, its not uncommon to discover a highly successful well, and drill an offset 40 feet away, and have it come up dry!... Imagine 60 miles away!
Yes Moses, and the institutions that wrote those calls are going to have to hustle, to replace the shares they are forced to deliver when the calls go into the money!
No tisdal, those gas fields have nothing to do with the enormous oilfield that Zion has!
Absolutely not... Short-selling (and covering), like regular buying and selling, is an on-going occurrence throughout each day (albeit with much less volume)... Rest assured that there is plenty of short interest at less than 2.00 a share!
Be careful!... Margin calls could cause short-covering before close... Just relax, and enjoy the ride!
"Markets are never wrong, although opinions often are!" (Trading-101)
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
I'm betting the markets will "sell the news" except for crude oil, which will continue to rise along with the oil stocks (led by ZN with a 50% gain)... All the other markets (stocks, bonds, gold, and crypto-currencies) will decline imho...
The one thing I am sure of, is that ZN will break out of an "ascending triangle" on the 5-min chart, and not look back!... So don't hesitate to "buy the open" asap!
After entering "Trade Architect" click "Trade" and "Market Depth"
You have free Level-2 with your TDA account... Just click on "Trade Architect"
Level-2 shows the exact number of shares that each MM is willing to buy and sell at its highest bid, and lowest asked price.
Yes! I know that, but it proves there are a LOT of buyers out there!
"One big buyer" is ridiculous!... Look at the number of MMs on level 2... Look at the incredible variety of trade sizes throughout the day!... and what makes you think there was more short-covering than short-selling?... The only thing we know for sure, is that the "accumulation phase" is complete, and the "mark-up phase" has begun! imho
I seriously doubt that will calm the nervous shorts!
Its called a "stealth bull" market, and is very bullish, because high volume is typical of tops, whereas low volume is typical of bottoms. In this case the stock is rising easily, without any high-volume resistance! imho
Yes! I agree! Any "dips" today would surprise me!...
7% higher on "no news" was awesome! imho...
Houston, we now have "lift-off!"...
TO-DAH-MOON, ALICE!
Huh?... How is that (providing liquidity) a problem?
Yes tisdal, we are finally on the same page!
"A company and its stock are two completely different things!"
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!