Post by
uptherecazaly on Jan 15, 2021 8:57pm
Recon
I saw a post that someone said they hope the basin has not been to hot or cooked the oil, And turned into gas, remember there was a shale play discovered close by, so I think that is put off the question , also I saw a share price est from one of America's banks saying 500 millions barrels could be 24 a share so just think what what is at stake hear, also someone posted total amount of issues share are getting close to being snapped up, if anyone has any insite to please explain as I no idea what that means going forward for share price
Comment by
C6J6Dub6U on Jan 15, 2021 9:03pm
if your referring to shares all being snapped up i mean this. There are more and more bull investors, institutions, etc which means they buy it to hold it for the long. Taking them off the market essentially. Supply and demand. With lower amounts of shares available, share prices rise due to lack of supply and overwhelming demand.
Comment by
uptherecazaly on Jan 15, 2021 9:21pm
Thanks for that info appreciate it , I took a big risk buying into this company before crissy holding 300,000 shares , it looking really good, best to luck everyone involved honestly, I read the story etc could not help by buy.
Comment by
C6J6Dub6U on Jan 15, 2021 9:29pm
did you say you have 300,000 Shares of reco that you just bought recently? Or months ago?
Comment by
uptherecazaly on Jan 15, 2021 9:33pm
Hi , for a dollar couple months ago, cheers
Comment by
MrVerbatim9800 on Jan 15, 2021 9:33pm
Fewer shares available = low float. low float= exponential price increases on low volume trading and shockingly high price increases on high volume days. Nutshell on liquidity.