Post by
Yolostar on Apr 20, 2021 2:08pm
...fear is weakness
the stock goes from 3.50 to over 10.00....3 days of optimism and positivity, and it takes one healthy pullback and here comes the garbage spewing... Here are the facts: - petroleum system in place - 6-1 drilling starting in approx 2 weeks - 2d seismic approval in 2 weeks - RECO strategically gaining 100% of the Namibia and Botswana, strengthening ROE and RECOs leverage - negotiations with Majors - possible hostile takeover ( not ideal but would give us minimum 40-50 a share) - end of 6-1 drilling in 60 - 90 days - more Insider ownership.... - possible uplisting to a Big Board ...i can't wait to see shorters and daytraders complain again when RECO decides to release sizzling news on a random weekday at midnight :-)
Comment by
teheran10 on Apr 20, 2021 2:19pm
The fact is that someone is accumulating the shares all day and it has been almost 2mln of them trading hands. The gap had to be filled one way or another after such a run. We have oil and that is all that counts. Soon these prices will be a joke when we are at dozens or hunderds of dollars.
Comment by
grenouille on Apr 20, 2021 2:23pm
"...raandom weekday at midnight..." the midnight part might not be so random. midnight in new york = morning in walvis bay.
Comment by
Yolostar on Apr 20, 2021 2:31pm
....the point I'm trying to make is with almost 200% gains comes 40% downs....it's part of it all ...if you stay true to your investment, you'll always be around for when it climbs fast ...if u decide to jump ship to make a quick buck somewhere else, or take a chance selling and buying dips, deal with the consequences...