Grand Master Jedi
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She keeps gapping up! Stocks are flying...sexy gains I make indeed!
According to available data the best guesstimate of a possible update could be around 4-5k feet, which would fall around the 2nd week of July, 7/10.
Happy Trading!
Tic Toc Tic Toc
$ZN
Nice! According to the available data we should know by end of the third quarter if oil is there or not.
Until then...swing traders paradise..Boomshakalaka!
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Its time for the....Perculator!
Everything is a risk, and one must trade according to their method. Trading on the Nasdaq absolutely means something, and in order to operate a scam at this level with intact audited financials requires multiple hands, and is no easy task, but yes it has occurred. It is extremely unlikely that is occurring here, and regarding oil in Israel; do I think they found oil? Yes, and for many different reasons.
Zion is a fully reporting Nasdaq company, Im assuming you understand what that means in regards to your analysis. The data in their filings is more than sufficient to satisfy that they are not a scam, and is there oil in Israel? Where have you been? One of the largest, and thickest metra of oil was discovered in Israel in 2015 by Afek Oil, a subsidiary of Gene Engery, and Zion Oil, and Gas is drilling in that same vicinity, (25 miles). The oil is surely there so the real question is will Zion strike oil at their #1 well or not.
Potentially Game-Changing Oil Discovery In Israel?
https://www.zionoil.com/updates/potentially-game-changing-oil-discovery-in-israel/
Potentially game-changing oil reserves discovered in Israel | Fox News
https://www.google.com/amp/www.foxnews.com/world/2015/10/07/potentially-game-changing-oil-reserves-discovered-in-israel.amp.html
Huge oil discovery in Golan Heights - Israeli media — RT Business
https://www.rt.com/business/317906-oil-golan-heights-israel/
Nice support building here; A second press release update at 4k-5k feet with positive test results would break the $3 resistance.
I second that! Lots of loading up! 45,063 shares snatched up at $2.62. $118k trade.
$ZN Bullish
Trade of a lifetime on the horizon with Zion Oil & Gas.
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$ZN
The daily volume thats been occurring here since Monday makes this a mover with the size of the float. The float data isn't available on their OTCMarket profile page, but with the O/S being 47M the float cannot be larger than that. The slightest update stating that they are seeing traces of oil can have this moving very quickly!
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$ZN
Indeed!
It will be all over the news if they strike oil here simply because its Israel. There is no telling of the type of value that can come here. Prophecy coincides with the Lords will, BUT this is an extremely difficult thing to dictate, which leaves a lot of room for error. Keeping it technical, and trying to not get caught up in the fundamental clouds here.
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$ZN
Its going to swing here a few more times as they put updates out, and yes the risk is high here because they may not hit oil, but if they find it near the proposed depth, which the land is LOADED with, then Monday was just a preview of how this one will surge!
$ZN
Increased position this morning with another $5k, snatching up another 2200 shares! These next few weeks are going to be very interesting!
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$ZN
She is coiling back, but the question is will she coil a bit further or will she spring back sooner than expected? Difficult to dictate right now, but this swing party is just getting started with the 1st update disseminated at 1950 feet...more is coming!
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$ZN
That was some pull back, and another buy back opportunity! Im game for this to happen every time an update comes out. Looking forward to seeing the next update at 4000 feet deep....swing traders paradise ...weeeeeee!!
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$ZN
Great gains today...brokerage account looking sexy! The information in todays press release was insightful...keeping close eye here.
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$ZN
Oh yeahhh stocks are flying here...its gorgeous and sexy!
$ZN
Big position taken right at the bell! Indeed, it was extremely pleasing to watch the resistance get smashed at end of trading day. The MOMO has arrived!
$ZN
Yes, they are pre revenue and have not discovered oil yet. This has been established. The companies 10Q's are clear about the status of the company, and the associated risk. I disagree with your perspective on fossil fuels though, but your position here seems more personal rather than trading based. The stock is reacting based on the perceived value of what shall happen if they discover oil AND if they do then ALL the merry,
"Come on Zionnnnnn hit that oil at your #1 well"!!
Sorry for the rant, just got a little excited about how much bigger my brokerage account will be if they discover oil on top of the gains I have already made here! As I was saying, DIS is what trading is all about...some stocks are undervalued and some are extremely overvalued. Buy in the dips and sell at the peaks and ride the wave when the MOMO arrives either by the real or perceived value. GLTY and Happy trading day! ;)
All signals are green here $ZN
I averaged down the other day!
We may break through the resistance today, looking good!
$ZN
If your statement is based on some DD please share. I would like to see it. I have not done a full DD report here. Upticking to fully reporting status is not a difficult process just a tedious and expensive one. According to the net revenues here they can afford the filings fees, and forms to uptick. Depending on the auditing agency the cost can be as high as $50k to complete, and between $25k-$30k to maintain thereafter. They stated that they have already completed one year of audited financials. If this is accurate then it would be one of the reasons for the delay because in order to be fully reporting I believe you need minimum two years of audited financials. I don't like the float here, which is why the pps doesn't move much, but with continued growth in revenues and going fully reporting I don't see why this couldn't break its 52wk high.
Without knowing whats being held at the DTC level we don't know how many shares are actually free trading, but based on how the pps moves I would think its equivalent to the 313,793,000 stated as the float on their OTCMarkets profile page. If its actually less then it will fluctuate better.
Keeping RXMD on my watch list. This one could be a mover, and soon.
Strong resistance at $2.00! All signals are green!
$ZN
Hehehehe!! All green here...bring home DA bacon! Keeping close eye on DIS one!
$ZN
Stocks are flying....Tic Toc Tic Toc
Stocks are flying today with $ZN!
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That was educational! Drilling is certainly an expensive and possibly long process! Thanks for sharing. I wasn't aware of the blog section.
$ZN
Charts showing vertical climb past 52wk high! If buying continues on the ask we will break it. Zion has been awfully quiet on their FB this week.
$ZN
$ZN is high risk because they are pre revenue with no oil. The 10q is quite clear on the risk involved here BUT I love high risk stock! Stocks are flying today with $ZN....bring home DAT bacon!
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Gains of Biblical proportions can occur if they strike oil at this well! It seems the company has a lot riding on this one....we shall soon see! Tic Toc Tic Toc
Long & Strong $ZN
In Feb of 2009 it was as high as $17. The 10q's stated that they have a few different previously drilled sites. If I had to guess I would say it climbed that high because investors thought they were going to hit oil. Lets hope they strike it here at there #1 well! It may be possible to find some old some ihub posts that may reveal the discussion here during that year. Im not sure how far back this Zion board goes or when it was created.
The reward is extremely high here, but so is the risk! As of right now Im holding strong. The 10q stated:
"Depending on the results of the planned exploratory well and having adequate cash resources, multiple wells could be drilled from this pad site as several subsurface geologic targets can be reached using directional well trajectories....To date, the Company has not achieved a discovery of either oil or gas in commercial quantities. The Company incurs cash outflows from operations, and all exploration activities and overhead expenses to date have been financed by way of equity or debt financing. The recoverability of the costs incurred to date is uncertain and dependent upon achieving significant commercial production."
"Currently, the Company has no economically recoverable reserves and no amortization base. The Company’s unproved oil and gas properties consist of capitalized exploration costs of $8,452,000 and $6,397,000 as of March 31, 2017, and December 31, 2016, respectively."
Going Concern Basis:
"Since we have limited capital resources, no revenue to date and a loss from operations, our financial statements have been prepared on a going concern basis, which contemplates realization of assets and liquidation of liabilities in the ordinary course of business. The appropriateness of using the going concern basis is dependent upon our ability to obtain additional financing or equity capital and, ultimately, to achieve profitable operations. Therefore, there is substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty."
Ive been averaging down weekly ($1.51)!
Zion Oil & Gas 2015 Independent Resource Assessment Report stated that the strata of oil found in that area is ten times as large of what is usually discovered. These are significant quantities, and if found can be an absolute game changer for Zion! Tic Toc Tic Toc $ZN
https://www.zionoil.com/updates/zion-oil-gas-announces-independent-resource-assessment-report/
Boomshakalaka! Long and strong $ZN! yeahhhh boyzzz!
The charts show RXMD at .05 in June of last year, which is basically their 52wk high, but do I think it it can climb to .07 for a 5 bagger? Yes I do. I actually think its quite possible because of what happens when a company goes fully reporting, which opens the door to investors who don't invest in pink sheets or even come near them. This combined with growing revenues, and profit will help build the momentum and buying power to increase the pps. If I pull the trigger on RXMD it will be based on both a technical and fundamental trade.
Myantis is correct! .07 would be considered a 5 bagger at the current price, which is quite possible with a little MOMO (momentum) once the company upticks to the OTCQB.
Goodbye to crude oil? Its over $50 a gallon right now. Oil has so many different uses, and applications that its not going anywhere anytime soon. The time the world says goodbye to oil is when its all gone. Im not sure what has happened here in the past, but they are definitely drilling. The discovery of oil in Israel isn't being debated because tons of it was found in 2015. The question is will they hit oil where they are drilling? Nobody knows, but if they hit oil this stock is going to surge because of the value that will bring to Zion. IMHO, I believe if they strike oil we can climb north of $30. We shall see soon enough...Tic Toc Tic Toc!
RXMD becoming fully reporting is a step in the right direction in creating it, and snatching up a 5 or even 10 bagger!
Are you long with RXMD?
Decent! MACD is touching...a little buying power will have it crossing over upward. This one is looking like a 5 bagger!
Fantastic! Mr JohnnyCM. Last stock I traded that you were on was Tencent Holdings at around $19. You were correct about them! That stock performed well, and I made some sizable gains! Good to see you here.
The reason this doesn't move a lot when buying occurs is because of the share structure. Thats a big float, and without knowing whats held at DTC level we don't know how much of the Float is actually free trading. Has there been any talk of a reverse split?
Authorized 500,000,000
O/S 345,545,107
Float 313,793,000
-Restricted N/A
-Unrestricted N/A
Held at DTC N/A