observation #1---look at a one week chart of ZIOP. connect the highs of July 2 and July 3 with a line, then connect the lows for those 2 days with a line. This is a classic set-up for a northward moving compass.
observation #2---ZIOP has a 52 week high of $6.33. It is filling its gap down from its March 25th free fall.
observation #3---Friday's price action blew thru resistance at $2.32 and went to $2.40, then closed on high volume at $2.32--extremely bullish. ZIOP will want to retest its May 24th high of $2.96.
observation #4---Expect continued price growth leading up to next weeks conference. I have owned ZIOP a number of times, and am fully invested at this point, but have not been this excited about it ever.
observation #5---I truely hate to see people lose money and therefore would advise all my friends who are short to cover up because you are fixing to lose your shorts.