RGFR Daily Chart ~ Extremely Volatile and Tightly
Post# of 2559
Posted On: 01/10/2016 1:06:39 PM
RGFR Daily Chart ~ Extremely Volatile and Tightly Held Stock
As anyone reading here already knows, RGFR is a very volatile stock. This emerging oil company has ranged from the mid .90s to 1.90 over the last 1.5 weeks. A few of us were able to accumulate a few shares from 1.00 to 1.05 this last week adding to our .95s and up during the prior week. I was bidding all day Thursday and Friday with no luck. My opinion is that if one is looking to accumulate RGFR, you'll have to step it up. The low 1.00s are behind us, even though the stock is sitting at 1.10. Where just 13,000 shares dropped the stock from 1.90 to 1.00 this week in one day, I think a similar size buy would probably take the stock right back to 1.90/2.00. Three of us will add a few more this week with the mindset of a holding period of 6-12 months based solely on the limited information available currently from management. With oil priced at low levels now, accumulating emerging oil companies makes a lot more sense now with oil at $32 than it did just 18 months ago when oil was at $105. GLTA
As anyone reading here already knows, RGFR is a very volatile stock. This emerging oil company has ranged from the mid .90s to 1.90 over the last 1.5 weeks. A few of us were able to accumulate a few shares from 1.00 to 1.05 this last week adding to our .95s and up during the prior week. I was bidding all day Thursday and Friday with no luck. My opinion is that if one is looking to accumulate RGFR, you'll have to step it up. The low 1.00s are behind us, even though the stock is sitting at 1.10. Where just 13,000 shares dropped the stock from 1.90 to 1.00 this week in one day, I think a similar size buy would probably take the stock right back to 1.90/2.00. Three of us will add a few more this week with the mindset of a holding period of 6-12 months based solely on the limited information available currently from management. With oil priced at low levels now, accumulating emerging oil companies makes a lot more sense now with oil at $32 than it did just 18 months ago when oil was at $105. GLTA
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