RGFR Daily Chart ~ Lowest Levels in Months Ther
Post# of 2559
Posted On: 01/31/2016 1:14:58 PM
RGFR Daily Chart ~ Lowest Levels in Months
There still isn't much to report for any technical or fundamental events for RGFR. It is an emerging oil company in the very early stages of development. The stock is extremely volatile as it has a very small OS and float. In December, the numbers were showing 12.6MM in the OS and a float of just 1.86MM with much of it in tight hands. I've started to accumulate more shares in the sub $1.00 levels but with the mindset of a 12-24 month hold. More than likely, I will not be swing trading any shares as it's just too difficult to build a large position in RGFR. As fundamental news becomes available as management executes their business plan, we'll have a bit more to talk about. In the meantime, it's accumulation at these levels for a few friends and me. GLTA
There still isn't much to report for any technical or fundamental events for RGFR. It is an emerging oil company in the very early stages of development. The stock is extremely volatile as it has a very small OS and float. In December, the numbers were showing 12.6MM in the OS and a float of just 1.86MM with much of it in tight hands. I've started to accumulate more shares in the sub $1.00 levels but with the mindset of a 12-24 month hold. More than likely, I will not be swing trading any shares as it's just too difficult to build a large position in RGFR. As fundamental news becomes available as management executes their business plan, we'll have a bit more to talk about. In the meantime, it's accumulation at these levels for a few friends and me. GLTA
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