Zion Oil & Gas Inc (ZNOG)

[Imperial Whazoo]

I'd have to go back & check because my list of traded companies would boggle your mind. I've been in and out of it for years. I long held a sizable position upwards of 3 years ago but about 3 years ago, I stopped posting on iHub because I was wasting too much time.

I think I was out during the spike, and that makes sense to be because, after a lot of trading mistakes, I decided to avoid spike charts and would not have been interested in it during the spike. I have been burned too many times in big spike charts. I mean.... look at GOPH today. That's the typical behavior of a spike chart.

I'm interested in stocks that survive a spike and that's why I re-visited ZN this year. Since I was in it for a long term guy way back at its early emergence, I knew the story & understood the possibility, but I was just watching it as one of many stocks in a main watch list I keep.

With the recovery of the chart from the disastrous damage spikes always do, it has begun to be an example of a spike chart that successfully weathers the damage done by spikes. That's why I'm back in the play.

I'm not a long term holder of anything, unless I end up getting stuck in it, which has happened quite a number of times, but when a chart begins to illustrate that the company is real, I will revisit a chart and begin to track it again. That's what happened here.

IW