Zentek Ltd - ZEN Message Board

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Gold/Mining/Energy : Zentek Ltd - ZEN

ZEN.V 0.940

-6.0%

Dec 29 3:58 PM EST

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To: marcos who wrote (3037)	9/9/2013 4:49:23 PM
From: stuffbug	Read Replies (1) of 22791

marcos, The bears may try to close ZEN under $3 this week in an attempt to force some of the margin players to sell. I don't use margin so I don't know how much margin is granted for ZEN stock at the Canadian brokers. Probably not much, as it is a venture stock. A two handle will most likely trigger a flood of sell stops. Closing price of $3.19 is at the level of the early July shelf which served as the launch pad to $5. On a continued sell-off, ZEN should find significant support at the early March high (250). Tomorrow morning will be interesting.

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