Zion Oil & Gas Inc (ZNOG)

[WiseYoda]

Taking profit is NEVER a bad thing as I’ve certainly traded Zion technically in the past, but IMO, I believe rolling the dice on a long position is warranted now. You’re basing your judgment on speculation of human behavior? Okay, fair enough as it may or may not be right, but no way are insiders getting this to a $1. Average daily volume is in the millions. ZNOG was at .11 so seeing that we have climbed to .31 in a short period of time has given plenty of room for insiders to join the party here. If ZNOG blew up to a $1 weeks before an oil discovery is announcement would most likely get the attention of the SEC.

The reason Im long is because Zion has already told us that they found commercial oil with MJ01 but just needed to tap it which were going to find very soon if they did with MJ02. The MJ01 results not only says that they discovered an Active Petroleum System but at what depth so they know where its located. Because of the information discovered in MJ01 the chances of a commercial discovery is good. We’ll find if Im right very soon…either way GLTY.

2018 MJ01 Results: Zion Oil & Gas Confirms Active Petroleum System in Megiddo-Jezreel #MJ01 Well In Israel: https://www.prnewswire.com/news-releases/zion-oil--gas-confirms-active-petroleum-system-in-megiddo-jezreel-1-well-in-israel-300698633.html