The recent crash of Z-Obee price was not to my surprise because the it is predictable base on the following two observations:

• Parabolic Curve
• PE = 35 (base on current price of $0.36). If base on the high of $0.61, the PE is 57 which is extremely over value. At present PE of 35, the stock is still over value.

I hope this post can help people to avoid get burnt badly when chasing over value stocks especially the chart pattern is showing Parabolic Curve.