Zion Oil & Gas Inc (ZNOG)

[Imperial Whazoo]

I was watching the Level 2 and the Time & Sales like a red hawk looking for a hare.... I'm pretty sure that they did it this way:

They kept offering to buy large positions at or just below the bid. I saw 85K and 30K and 23K an so forth, and those chunky buys disappeared in an instant. They were moved or they were sold into by the average joe. Mathematically keep a step ahead..... sell chunks that are just above Ask, too, but if you did the math in real time, I bet you'd discover that the size they sold to create panic was never quite as large as the size the bought. Net net, keep telgraphing to the world that you are selling in big chunks so it looks like big holders are bailing in a hurry. By colluding amongst a bunch of traders to move the bid & ask in unison, and by presenting large blocks to the Level 2 for the ordinary guy to see, you create the impression that shares are being dumped in a hurry. All you have to do is keep moving your sells out of harm's way and offering to buy in big chunks so that you scoop up the ordinary holder's panic sells without having to give up your "offered" shares as you run the scam

Thats what I think I was watching happen. Can't say for SURE.... but this isn't my first rodeo.

Imperial Whazoo