Replies to post #2532 on Zion Oil & Gas Inc (ZNOG)

[WiseYoda]

Yes, they are pre revenue and have not discovered oil yet. This has been established. The companies 10Q's are clear about the status of the company, and the associated risk. I disagree with your perspective on fossil fuels though, but your position here seems more personal rather than trading based. The stock is reacting based on the perceived value of what shall happen if they discover oil AND if they do then ALL the merry,

"Come on Zionnnnnn hit that oil at your #1 well"!!

Sorry for the rant, just got a little excited about how much bigger my brokerage account will be if they discover oil on top of the gains I have already made here! As I was saying, DIS is what trading is all about...some stocks are undervalued and some are extremely overvalued. Buy in the dips and sell at the peaks and ride the wave when the MOMO arrives either by the real or perceived value. GLTY and Happy trading day! ;)

All signals are green here $ZN