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Gold/Mining/Energy : Zentek Ltd - ZEN -- Ignore unavailable to you. Want to Upgrade?

To: Berry Picker who wrote (4039)	10/6/2013 1:05:48 PM
From: clear	Read Replies (1) \| Respond to of 22860

Hearing that there are that many shorts out there is notexactly encouraging me about being long. I'm not a broker, but as far as i know, shorting is just a bet that share prices will go lower. There's no actual selling pressure from the shorted shares being sold in the market. Any influence is psychological only.

To: Berry Picker who wrote (4039)	10/6/2013 1:49:08 PM
From: Rocket Red	1 Recommendation Recommended By kidl Read Replies (1) \| Respond to of 22860

Trade it and screw the noise

To: Berry Picker who wrote (4039)

10/6/2013 2:00:58 PM

From: Glorieux

1 Recommendation

Recommended By
copperknob

Read Replies (1) | Respond to of 22860

Hearing that there are that many shorts out there is not
exactly encouraging me about being long. lol

Here is the short report:

V : ZEN

2013-09-30

365,815

-190,050

55,059,862

0.66

As you can see, by September 30th, more than 1 third of shorts were happy to cover at $3.15 or higher. How many of the rest of the shorts covered with us hitting $2.43? I bet most if not all. This is not ORT with 10M shares short. Shorts stood at 365k or 0.66% before the big dip last week from margin calls. Saying we have " that many shorts out there is not exactly encouraging " sounds like someone trying to bash the stock to accumulate near the 200 ema which is a great accumulation price. I expect some games to keep the price around here to accumulate. Let's see if the bulls see through this bull ; )