Reconnaissance Energy (Africa) Ltd V.RECO

Charts don't lie...

[Wynjoe]

The one year chart is dismal. The drop from here will be FRANTIC...We hit $3.82 on friday,the one year low,if we go below this today I see a 50 PERCENT DROP STRAIGHT DOWN!!!!MAJOR SELL SELL SELL!!!

[C1v1k6]

can you please sell and leave ...

[Wynjoe]

Hopefully I won't get stopped out,however to put this play in perspective, reco is valued at almost 900 million dollars today.They have NOTHING,except goodwill.I personally will be surprised if they have enough cash left to complete their proposed 4 wells. They will never raise more equity unless it's for pennies,but that wont happen because they will be bankrupt. Just trying to be

[pacer001]

I agree with c2v. Wynjoe needs to sell, if indeed he has any Recaf, and leave this board.

[yrmac]

There ae only tow persons who bash reco Wynjoe Mr. Duck Is this possible they short Reco?

[Wynjoe]

I'm still in pacer,unless I get stopped out @$3.75,which hopefully doesn't happen. I bought below $4.00,and hoping for a "gusher",as you say. Big gamble though,then again I dont know any stock that ain't some sort of gamble,lol.

[Wynjoe]

Further to this post the reason I have a stop loss that close to my purchase price is simple....I think if and when this drops below $3.82 (the yearly low), the drop will be sharp and fast and far down.Fingers crossed yet though.