Zion Oil & Gas Inc (ZNOG)

[green dolphin]

As I mention before it was being shorted on Wed and Thur but not Fri. The ones shorting it
were heavy hitters, and so far they have not made any money for their efforts. Makes for an interesting set up for next week!

In one corner you have the shorters, and in the other you have the institutional buyers. As Zion gets more popular, it will bring in more day-traders as well as longs. The more flippers there are to catch the bottom share price - the harder it will be for the shorters to make a significant profit as everyone will be driving the price upward. I don't think the institutional buyers are going to be that interested in the warrants, but I don't know. It really depends on how much of a demand there is with the institutional buyers right now. If there isn't much of a demand, then the heavy hitters who shorted this will drive it down easily. They could take her down to the $1.90s again. Be careful, and stay ready!!

ZN $$$$$$$$