Zion Oil & Gas Inc (ZNOG)

[Imperial Whazoo]

And on those two days back in March, the volume was much higher, and what that tells me is that there were buyers at the $4.00 level, most of whom are still in their shares. And how do I know the buyers are still in it? Well, common, old fashioned math. Just look at the volume on the day it climbed out of the flash crash: 3.6 million on 3/29. ( And consider that even on the down day, every seller had a buyer, didn't they?)

So, since then, volume has not traded on any day or any set of days. Volume since then is balanced: down day volume compared to up day volume... essentially equal. So, that means that, until more volume shows up, there is a supply of shares bought that day that are not being dumped. So, with volume telling the story, a down move like today was a buying day for folks who are looking to get in on the cheap.

Thats my read of it.

Imperial Whazoo

Edited.... this was a reply to the comment about the volume days at the end of March. I re-read my post a moment ago and realized that starting with "And" was too open ended to be clear. Sorry for the confusion