Zion Oil & Gas Inc (ZNOG): So can anyone explain why the stock pric...

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Re: Autoteester post# 38545

Friday, 05/22/2020 8:28:07 AM

Friday, May 22, 2020 8:28:07 AM

So can anyone explain why the stock prices are sideways

For years it had Tute&Hedgie support being part of the Russell 2000. That is no more. What you see is retail support.

or climbing?

Retail traders guessing with magic charts whether it's going up a few pennies. Then it will go down a few pennies and continue its flat wiggle. Exciting eh?

Yes, Sep isn't that far off. Extended from Jun due to Covid by the Nasdaq. Doubtful they will give another extension.

A 1:10 would be more appropriate. Pushing it above $2. Giving it a little more time, before the stock fades below $1 again.

As someone else pointed out they are going the opposite direction. Increasing the A/S. Dilution is always good for the PPS, isn't it?

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