Reconnaissance Energy (Africa) Ltd V.RECO

Short # RECAF

[farml1234]

home / stock / recaf / recaf short

 

Twenty Trading Day Totals
Total Shorted Volume	17,360,909
Total Actual Volume	25,263,798

Short Trends
Cover Days	0
Short Days	19
No Change Days	1

Averages
Average Short Volume	868,045
Average Short Percentage	64.16%

[uptherecazaly]

So is that good or bad I do t understand that 

[uptherecazaly]

Honesty I told a friend about this and now they wanna get but they think share price has gone mad from early last year is 4 bucks to high to get 

[C6J6Dub6U]

honestly, look another shorter in disguise.... everyone knows its going to be crazy Monday again, and shorts are getting burned again. Bullboards V.RECO RE:Short # RECAF 0 Honesty I told a friend about this and now they wanna get but they think share p... 7 minutes ago V.RECO RE:Short # RECAF 0 So is that good or bad I do t understand that  19 minutes ago V.RECO RE:RE:RE:RE:Next major NR? 1

[farml1234]

Hey C6J6Dub6U I not a shorter and do not own RECO , just seen the short info on the American side and reported it ... I do own ROE/ RNSFF and have a load and if i get some more $$$$$ will buy more and probably give to grand kids . Would like to give them about 10,000 each and have 5

[Cancundude]

Ha! For the record I made a comment for the possibility of it being over cooked. It could prove to be a reality and that's why the company needs to punch holes to see exactly what's there. To say I am a shorter because I bring a rational alternative possibility is silly. If this company is so wonderful and a sure thing then I would argue we would have been bought out or up to our eyeballs

[investor55x]

IMHO shorting this stock these days is absolutely insane. Shows that this shorters are not familiar with the basics of this stock / company at all. Only following their usual trading patterns. So they will be grilled here.

[GorgeousGeorge1]

Agree. With results not expected until April/May, and the amount of speculative cash sloshing around the markets, this could still run considerably pre results. Holding a short into results is risky too. This is not a standard wildcat hole, they're not proving oil in a block, they're proving oil in a basin! Positive result could drain a shorter's account balance and into negative

[Elephants]

"With results not expected until April/May," Not sure how you come up with that timeline. I suspect results will be here well be here well before that. I can hardy wait.

[GorgeousGeorge1]

I didn't come up with it, I believe it was Haywood? Or the company did. One of the two. You can speculate on whether they'll release positive results earlier, as others have. At the moment the official guidance is that results from 3 wells will be released together, not in succession

[amkestrel1961]

There are usually exceptions to every rule.  For recaf they are the coverered shorts of option or warrant owners totally nearly 67 million shares as of 9.30.20 recaf financial statement. theyt are in the $.60 to $1 range US.   At $3.25 US a $.60 option can short sell one fifth of his/her shares and pay for the rest of their options.   Ie, a covered short.