Zion Oil & Gas Inc (ZNOG)

[Moses1492]

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..