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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango... see more

TSXV:RECO - Post Discussion

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Post by Redrum180 on Jan 13, 2021 11:35am

The Flippers

The ultra short term flippers will move on to other stocks; they are like locusts!  I'm sure many who were in this early are also taking money off the table, which is not the worst strategy.

     The effect this will have on the SP if the discovery is huge is negligible.

     Staying long and strong!
Comment by teheran10 on Jan 13, 2021 11:40am
For sure, once they sell, the price has nowhere to go but UP. There is far too much interest for this stock to go lower. Afternoon will be a bonanza again - my opinion. I picked up quite a bit today again. 
Comment by teheran10 on Jan 13, 2021 11:52am
..... correctly if I am wrong but it looks to me that this is a computer generated sell all the way down to $3.04. I am looking at the asks and they are almost all $100-$500 lots. Anyhow. Smell of oil and we are into teens. for sure. I am expecting green today. 
Comment by Elephants on Jan 13, 2021 11:59am
Yes it will be green for sure. This late morning always has a dip. Just like yesterday and Monday it was down for a couple hours then shot right up.
Comment by crude on Jan 13, 2021 12:08pm
BUY BUY BUY - you will not get this chance again !!!!!
Comment by crude on Jan 13, 2021 12:13pm
3 .12
Comment by crude on Jan 13, 2021 12:28pm
NOTICE how it brakes %15 to take out stops !!!!
Comment by recowatcher69 on Jan 13, 2021 12:37pm
Good morning, I have been following RECO for several months, and acquired shares from $0.66, $0.88, $2.39 and more today at $3.13...People should look at--and trust--the findamentals of this opportunity. This is a World Class Resource with World Class Management and nowhere to go but mid-high double digits. I think the first indication of a positive drill, will come before next Friday as they ...more  
Comment by Chas15 on Jan 13, 2021 12:41pm
People panic and act like stocks only go up haha, of course RECO will have its red days. Stay calm, most oil plays are red today anyways. 
Comment by Cancundude on Jan 13, 2021 1:29pm
I promised myself no more high risk. I did rotate out of large and into small and mid with proven resources but after reading this story I could not help myself and jumped in. Am expecting some short term gains and will move quickly depending on the news flow. Short position is nominal from last check. Using a stop loss is about useless in the days ahead. Gonna be a roller coaster but that's ...more  
Comment by crude on Jan 13, 2021 1:33pm
Payday next friday !!!
Comment by Elephants on Jan 13, 2021 1:40pm
What are the odds, it is 1:40 and in the green. Who would have thought it.
Comment by teheran10 on Jan 13, 2021 1:43pm
I have seen the same pattern all week all over the TSX, two of them today actually, both bounced back. I think you had some restricions due to Covid in Ontario, my gf told me, so maybe that is the reason.  I love green colour 
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