Friday, September 08, 2017 8:55:52 AM
Don't believe we are seeing selling. What we see is shorting when stock shows strength. So far, they are having a hard time getting and keeping it below 3.30.
Expect a rough day today as they try to push it below support at that level to shake out weak hands before weekend.
They have to realize they are gambling for what would be a small payoff; however a huge loss on the next press release. This is seriously a bad place to be short when you consider the high interest rate and low profit potential.
Recent ZNOG News
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