Zion Oil & Gas Inc (ZNOG)

[Jackleg1]

I recall a rebalance of the Russell in 2009, I thought ZN had struck oil for sure. The price tripled in a few days from around $6 to almost $18 then retreated to the basement for years.

If you go back and look at that chart, the stock rallied for days. I don’t think we are close to the end of the price action and volume. 10 million shares at $3.85 is Chump Change to these institutions.

Go look at the chart from 2009 (price spike) to see what happens next week. It’s going to be fun, but not as fun as watching the price when they announce a world class discovery of oil.

Blessings to All