Zonte Video - February 19, 2024

Zonte Aug. 10, 2023 Video

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Performance 2009 to 2023 (compound annual)

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4 years 10 months ago #122744 by Gambler
Gambler replied the topic: zonte metals
Anonymous buying for a change, short covering??

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4 years 10 months ago #122742 by alexgreat
alexgreat replied the topic: zonte metals
43k bid at 29 now and last at .31, high .32

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4 years 10 months ago #122741 by WealthyPlumber
WealthyPlumber replied the topic: zonte metals
It looks simple to me. There are only 2 reasons for large bids.

There is a good size short position
or
Somebody wants to buy a lot of stock

and cheap I might add

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4 years 10 months ago #122740 by lynnsa10
lynnsa10 replied the topic: zonte metals
Another short sign is the stock going up steady to 39 cents on good strong volume but coming down on much lower volume.

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4 years 10 months ago #122739 by GoldnBoy
GoldnBoy replied the topic: zonte metals
Gambler, not really they moved a chunk on to the NEO platform. 126k

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4 years 10 months ago - 4 years 10 months ago #122736 by Gambler
Gambler replied the topic: zonte metals
GB, shorty must check out this hot air. They lowered the size of their bids
Last Edit: 4 years 10 months ago by Gambler.

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4 years 10 months ago #122735 by GoldnBoy
GoldnBoy replied the topic: zonte metals
Market depth, strong bids

Attachments:

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4 years 10 months ago #122733 by Hoss
Hoss replied the topic: zonte metals
GB, don't be surprised if the short position is not reported.

RBC has done a lot of odd lot trades and they also use NEO, they may claim they are a market maker and therefore can use the short exemption rule and not report it.

I agree there is a short position and the run up and down had all the foot prints of shorting, a lot of Anonymous selling and some jitney trades.

Remember these shorts, market makers what ever you like are disciplined professional traders. They bank on the emotional trading of retail investors like most or everyone here to profit from.

Shorting a stock and driving down on very good news is a typical play they execute. This creates frustration and disappointment among retail traders “the emotion” . Many of you here have mentioned these very emotions.

The shorts are counting on retail investors to sell on their emotions so they profit on the short position. I encourage everyone to hold positions, or even buy or bids above the short bid. Do not fall victim to your emotions and their manipulative game.

Put you emotions aside and look at the facts and valuation. I could get into these but most here known them. That was an excellent drill hit that most juniors dream about. It was the best news in Zonte's history

Make the shorts pay up. There is no stronger rally than a short covering rally when they lose control of profit and buy to avoid large large losses. Short positions can lose a lot of money quickly. The short position has a probable average around 34 cents. If the stock moves to 68 cents, that is 100% loss on their position. They know how it can go against them and will buy back quickly on a move higher.

And besides all that, if they don't make a profit on this short position, or get burned, they will likely not short on the next drill news and run higher. They will move on to easier victims
The following user(s) said Thank You: WealthyPlumber, GoldnBoy, Gambler

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4 years 10 months ago #122732 by GoldnBoy
GoldnBoy replied the topic: zonte metals
Alex shorting makes sense for the move back down on great news and the fact that the RBC bid is around the same amount they sold last month. Who knows if anonymous selling was part or adds to it?.

The computer BOTs and shorting are rampant in the market these days.

Long and strong I am not selling to those shorts :)

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4 years 10 months ago #122731 by alexgreat
alexgreat replied the topic: zonte metals
GB, you might be right about shorting.

Curious though on why you think there is a short position.

If not someone thinks there is a 300,000 buying opportunity.

Sorry to use that word again flynn lol

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4 years 10 months ago #122729 by Iwtfu005
Iwtfu005 replied the topic: zonte metals
I feel you Flynn. I was initially very excited with the results Zonte posted but very sad to see how the market reacted to it.

I think it really has to do with the state of the overall commodities market. There's a reason why these are long term investments.

However, this is also the reason why I invested in another copper play Forum Energy Metals (FMC) because it too got looked over when it hit 4 different intercepts last year. They are doing a new phase 2 drill this summer but to stay on point, zonte and FMC needs something really big or else the market is not going to react as we hope (even if the potential is there)

I am still very optimistic and hoping for the best.

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4 years 10 months ago #122728 by flynn
flynn replied the topic: zonte metals
If the last news release did nothing for this stock.
It's not a good sign. Other then a surprise Columbia release.
That's why I'm moving on.

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