Zion Oil & Gas Inc (ZNOG)

[Monroe1]

A couple of things holding it back. As we know every year at this time there is huge selling for tax losses to be used. MM's and short traders know this and use the time to their advantage. That downward pressure will be met with an equal reversal after the holiday selling wanes.

Most likely Zion mgt is using the political climate to it's advantage of keeping silent ... as I see it anyway, and with the full stamp of approval from the Israeli govt. Under national security the govt can declare anything they deem sensitive to be under a gag order of sorts. Silence is golden when the govt. wants it to be. Without going onto any official record the word can come down declaring what and how to proceed. Zion would not be able to PR that the Israeli ministry is telling them to remain silent. I think this is why this time around there is more silence. In any case, as info is released, we will continue trending up and once January rolls around the selling pressure should lessen sharply.