Reconnaissance Energy (Africa) Ltd V.RECO

Did not like press release: SOLD and went into BYSI (Nasdaq)

[Hiddensecrets]

Hello Everyone:

I want to thank everyone for their support in giving me thumbs up on my previous posts.   I decided to sell my entire position today in RECO because I did not like the press release of this morning at all.

I had expected the company to give independent validation of rock information by 3rd parties and, some hard data. 

It was a fluff press release without the hard data.   Given that the company was valued at close to $ 2 billion, this value cannot be sustained on fluff, it needs the hard data.

I made a terrific return from my initial position at 65 cents and wish everyone luck.

I invested my funds in BYSI  Beyond Spring Inc. on Nasdaq.    They came out with terrific medical results and are applying for a new drug application.    Their product will be replacing the present chemo therapy system out there.   It should that their treatment (after a 6 year phase 3 trial) extended lives, gave better quality of life and, had no side effects as the chemo.

Stock trades at $ 21.57 at this moment, one analyst upgraded the stock to $ 100 per share on buyout speculation alone.   The value of this market is $ 30 billion meaning a possible stock price of $ 840 per share so some 40x the present price.    The rewards are just too good to ignore compared to the uncertainty created by RECO with latest press release.   Yesterday alone the stock was up $ 17 per share.  

Be well,

mpo

[Chas15]

So in June you call for a SP of $72 and now you sell on a NR that just confirms what we already know? Hahaha what??? Absolute coward. 

[Moneycat]

Your BYSI down 20% also. I bought another 600 shares at 9.44.  Everyone was waiting for Oil, and now they announce WE HAVE OIL !! This is being played by those that know and trying to accumulate.   Back over 10 by the end of the day is my preciction!

[Whistler1122]

Got 1000 shares at $9.99 and 700 more at $8.90 (yes, I am the lucky guy who got the daily low). This is go back up to $11 in no time.

[Bpultra]

Well I also sold some this morning ... the builds were not building .. and sometimes is sell the news not buy it... and this is what happened this am..... already bought it back for well over a $1 spread so a nice DIV while I wait this story out..... good luck Hidden ... remember everyone you will never go broke if you sell at a profit... this is still a spec stock ... seems some of the hype was