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Wednesday, March 28, 2018 2:55:28 PM
Here's the program:
Scoop up shares by driving people with the "hotshot" of panic. In ZN's case, since there are so many people who are shareholders out of FAITH, the degree of the panic had to be larger tha usual.
First of all, there are always people with protective stops in place. So, it is standard trading desk practice to drive prices down to trigger the automatic triggers. Bingo.... lots of shares get scooped up.
Next, in ZN's case, you have to convince the faithful to panic. So, to do this, drive the price past the 382 Fib retrace (3.70 m/l). Not done there.... not by any measure.... Uh Uh....
Drive it past the lower wick of 2/14/18 (3.40). Not done there either.....
In fact, the need is to "target" the tagging of the 200 day moving average (which did get tagged just a few minutes before the release of news that caused the INSTANT gap back up). The 200 day is 3.13, by the way.
I used to work in a live stock auction. We used hotshots to drive reluctant bulls into the chutes. We long and strong bulls are allegorical reluctant bulls, as I see it.
This was "Basic accumulation tactics 101" pulled off to perfection.... Create a stampede and scoop up the shares that fall into open trading.
IMHO... the size of this event and its absolutely brilliant adherence to this time honored boiler-plate accumulatiion scheme...
Let me put it this way:
This would not have been the event these colluders resorted to, and to this degree, if there were not a huge upside that they expect to benefit from later this year. Thats my take.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
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