Zion Oil & Gas Inc (ZNOG)

[ice_n_ak]

A good profit taking the past few weeks. Chart looks great. All based on hope and a prayer. Both hope and prayer work well for many, for me the reality is I made profit on trading ZNOG.

Next week will be a good battle for those thinking 'profit' now in case of lackluster news and those thinking '10 trillion barrels of oil going down to the center of the earth'

If it dips next week, I buy some more for speculation and trade the spikes. If it rises I'll wait until after the news and then address the potential of znog going forward.

Since it is common knowledge humans cannot keep secrets I find it strange that IF there was good news regarding the activities of znog drilling, the stock price would reflect the leak of 'insider' good news. IF the stock price of znog closed a month or more ago at a price of $1.00/share or more, THEN I would be in the camp of optimism. Since it is down at a level not much higher than where it has been for awhile, I'm guessing the news will be about more exploration, more drilling, more testing, more capital expenditures. And the stock price would then languish until the next round of 'hope and prayer'.

Regardless, it has been fantastic trading znog and banking profit.

I love investing in Israel companies. Smart people.