Reconnaissance Energy (Africa) Ltd V.RECO

My thoughts on my own humble portion of the shares.

[NameOfTheGame]

• In at 0.57 with 5000 shares = $2850 investment
• Cost of a trip to Peru + initial investment = $6000
• Prior to News on results, sell % of stocks required to attain $6000 benchmark (assuming 5% of shares)
• Let the rest ride either to the moon or to hell

This is how I plan to de-risk. This way, even if the stock rides to zero I come out happy, having had fun, having made friends here, and getting a free vacation out of the deal.

What I am NOT however, willing to live down, would be shorting this stock, or selling before news, and finding out I missed out on hundreds of thousands, possibly millions on the best of good news, because I got trigger happy.

What's everyone else's plans for "putting some away" and de-risking?

[fredo1]

I am capping position size at 10% of my equity portfolio. Have sold 15% of my original position. However, I am a small, retired investor and certainly understand the rewards of a higher risk strategy.