You should be hoping it wasn't short covering, because if it's done, that might kill the momentum. Right now, without a news release with some teeth, there is no obvious incentive to buy ZEN, especially after this very nice rise off of the double bottom. There are very few shorts as of the last report, and some of them could have been a hedge against the rights, or perhaps against the last PP.
People better at TA than I feel $1.25 is in the cards, so maybe the rise isn't done yet. But without solid news, it will be the tenacity of the remaining long term shareholders, through their refusal to sell, that prevents resistance to further climbs. As the price inches higher, however, some long-suffering in-the-hole shareholders may take the cash and run, ever so thankful to be able to. And many who bought in off the bounce will take that 50%-60% profit with many thanks.
Congratulations on your call, Fluffy. But if you really are "physic" (sic), why did you not see the 3 year slide to $0.63 and warn everybody?
