I agree but do think about market psychology. For the price of ZN to spike up 30% today in a very red market, the big boys seem to intentionally want to use this to shake out ZN holders with this "seeming" gift pop in price... do they know bigger news is right around the corner and are using today's price action to shake out holders early or was ZN simply way too oversold and simply not enough sellers under 20 cents to cover their short positions and figured they would cover now rather than accept the risk of carrying.... I think sellers today (including a portion myself) may be in for a surprise later this week. I still have my core positions so I'm still happy :)
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