The float on ZLTQ is so low, and the short interest is so high in relation to the total float, that it takes only a tiny bit of buying for ZLTQ to shoot up again.A light breeze might do it.Short sellers who helped try to orchestrate a sell off are now wondering how to cover their short position without sparking a rally.Any short covering more than 100,000 shares will bring the stock up $2 to over $9.00 in a heartbeat.Fun times ahead!
I went all in at $5.90 God speed lol
Nice buy! There are no more sellers, and with the shorts creating a base, there's only one way to go. Up.