Zion Oil & Gas Inc (ZNOG)

[steal vandor q]

DSPP monthly buys usually hit around the 25th, right? Seems odd that this month the price is continuing steadily down, where month after month before, we get a small spike just ahead of that monthly dspp buy, then a drop a day or 2 afterward.

Can anyone speculate on how znog can have such high volume and the price continue downward? i cant imagine the longs are selling off, especially in the range of 3-5 million shares a day for about 5 weeks now, and just ahead of final announcements on oil or no.

So, just for this hypothetical question, what could be the reason for: slow decline; with very high volume; assuming longs are holding/accumulating; and the Zion can't pump that many shares into the market per day?

Who's selling such volume? and who's buying?

Thanks