Zion Oil & Gas Inc (ZNOG): It's true, 0% is probably not an accurat...

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Zion Oil & Gas Inc (ZNOG)

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Re: WiseYoda post# 3510

Saturday, 07/29/2017 5:08:04 PM

Saturday, July 29, 2017 5:08:04 PM

It's true, 0% is probably not an accurate estimate.

However, I do believe that traders should trade with the assumption that ZN will not find any oil. It's far too risky to play this stock on that hope, seeing as how the chances of a large oil find are really slim (How many dry holes are there compared to ones where they do find commercial quantities of oil?).

Buying this stock and telling yourself "This is it. This is the next big oil stock. I know this because Jesus' scripture in the holy bible says so!"

..... seriously? Penny stock trading is about having a plan and trading without any type of emotion. The moment you start buying the promises and forward-looking statements that companies make in this market is the day you become the pig. And in penny stock trading, bulls make money, bears make money, and pigs get slaughtered.

"Believe only half of what you see and nothing that you hear."

-- Edgar Allan Poe

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Recent ZNOG News

Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 07:38:34 PM
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