Reconnaissance Energy (Africa) Ltd V.RECO

review ..

[Bpultra]

Seems this guy was right on and knew things were going to happen before they did .... seems he is still right ..
https://marketfrauds.to/anson-funds-short-and-distort-campaign-against-recon-africa-and-globe-mail-corruption/

[Bpultra]

================ then we have the globe and mail.. https://marketfrauds.to/corruption-at-globe-and-mail-mail-sent-to-their-staff-and-regulators/

[Buyhigheatchips]

If there really is a huge amount of undisclosed short positions I would love to see the Reddit army destroy those guys. makes it hard to know what to do with one's shares. The situation is as likely to lead to a huge spike upwards as downwards. When in doubt HODL I guess lol. 

[Moemoney42]

Hey BP I just noticed the downdraft RECO had on Friday.. looks like you got caught on the wrong side of this trade a bit.. I know you have shares far below the close though.. will be interesting to see what happens Monday..? I don't have any but follow it when you brought it up on CPG's board.. Good luck..!

[Bpultra]

=================== Yeah I was getting a bit cocky last week ... thinking I would never lose again..need a adjustment .lol... but if you have been in this game long enough you know it happens ... my long blocks still have a BE of under 2.50 so I am safe with those...  Thursday I made a grand on one swing trade in like 35 minutes ... ... and then Friday thought .. hey looks like I can do it

[Moemoney42]

I hope you're right BP.. I am always cautious of companies whose share prices run so quickly.. especially those with gaps.. that 11.25-11.40 gap got filled friday.. I hate to say it but I don't think the shorters are done here yet.. could be ~$9 before any real support appears.. the profit takers could get nervous and amplify the move.. be careful.. that said, I don't want to influence

[Bpultra]

Yeah will see how things go I expect to be some big moves monday ... but there will be pressure on both sides of the trade in the AM so will see who wins ... ============

[Dumpinvestor]

Yes...there is a lot of pressure . I think the shorters will lose the battle. 1. they shorted the sp at around 2-3 dollars... than sp kept going up. 2. because environmentalists, newspapers, naked shorts, shorters..a lot of new investors wait on sideline to get in with better price... the more they short, the deeper trouble they will be in. 3. fully support from Namibia government. 4. reco team

[peterj99]

You posted that you dumpied a lot of shares. And you bragged about it. Why would any "long" trust what you say? You pump and then you dump, sound familiar?

[teheran10]

I agree 

[Dumpinvestor]

What are you here for?.. if the shorter did not play the game, I would leave all my shares alone. I got in reco since last summer when the sp was 60 cents and warrant about 20 cents. all my shares is part of my profit from shorters... this is a game between shorters and traders.. good luck

[Galaxym31]

what 20 cent warrants ?

[Dumpinvestor]

Last year, bought deal about 70 cents a share, so I recalled about a month later they started to sell a warrants. When it opened, warrant started of 12 cents and moving quick to 20 cents. So I got some with 12 cents and some with 20 cents

[Dumpinvestor]

Sorry..it was in 2019... did not believe it..time go so quick

[peterj99]

Dumpinvestor To sell shares is legal and that's fine To sell “borrowed” shares (short sell) is legal and that's fine too   Both are “sells” and both have the same effect on share prices

[Dumpinvestor]

Peter...bear in mind, my post is just my opions base on the facts which people knew already... not intention to pump the sp. definitely, I don't think people buy or sell base on my experience and my opions

[Moemoney42]

Morning BP.. looks like my $9 support call was correct this AM... I hope it holds for the day.. good luck buddy..! May the trade be on your side..! "Yeah will see how things go I expect to be some big moves monday ... but there will be pressure on both sides of the trade in the AM so will see who wins ..." ============ Moemoney42 wrote:I hope you're right BP.. I am always

[Bpultra]

Yeah ... I almost sold some more CPG to buy up those 9"s of reco but I have a ton of reco right now...but maybe should have as CPG is red red AGAIN.... my dumping some CPG last week to buy RECO has netted me some nice coin...  and my last 3.000 blocks of reco are  now green...so you either believe the story or you do not.... these guys have oil.... so its just how much  I did

[Bpultra]

Moe you see ...  reco up very nicely..... and my roe buys are up over 10 cents!!!  peeled off a block of reco for a $1.00 div... but not touching the long blocks... will be  interesting how the USD closed monday plays out... and where is the amount of shares short ... USD  or ...  if reco puts out a surprise NR wouldn't that be fun!!!   shorts better cover ..

[Dumpinvestor]

Because of the shorts, I sold 12000 shares last Thursday for around 13-13.1 a shares.on Friday, I got back in 12000 shares at 11-11.1..anyway, thanks to the shorts. They saved me 24000 cad

[Bpultra]

========== Thats was a great trade.... I only unloaded 1,000 at 13.37  and should have unloaded at least 10,000 like you....but them is the breaks... con crats and once again nice trade 

[Galaxym31]

Could have run to 16 and that joy would be pain .