Zion Oil & Gas Inc (ZNOG)

[Imperial Whazoo]

Look, set a Fib retrace on your daily chart with the low being the bottom of 2/13 (2.25) & the top being the high of the wick from 2/26 (4.91). Look at the lines.

We are sitting at the 382.

If you read my posts, I'm not bothered by the current price action. Who can act surprised by the pullback? After a run up like that, of course there is a pullback.

I'm concerned about one thing and one thing only: the 2 months window of opportunity the PR opens up... a classic example of a pregnant opportunity.

As to the current retrace.... if a stock only does a 382 retrace, thats as healthy as healthy can be.

The problem is that, by stating that the tests will be out in the future a month & a half, they are cutting off all chances of having anything "new" to PR about. Two months, at best, and nothing but incoming mortar rounds lobbed at ZN from hidden positions in the surrounding investment landscape by short artists.

I'm neither smart enough nor clever enough to anticipate all the kinds of meanness certain types of people can drum up with that much room to work with.

Thats all I'm saying.

Imperial Whazoo