There is an IFP (Internal Floating Piston) in the reservoir. The depth from the end that has the air valve varies by company, but it’s always around 3/4 of the way to toward the side with the hose.
That piston moves back to the valve end side when you compress the shock since fluid is now flowing into the reservoir (the shaft is displacing fluid so the fluid has to go somewhere right?). So at this point, the IFP is closer to the valve side of the reservoir than when it started right? Now if there is air or nitrogen in the shock, that force will push the IFP back toward the hose side as you extend the shock. All is well!
Now, if you compress the shock, and the fluid moves that IFP near the valve side, and you don’t have air or nitrogen pushing back on the piston when you extend it, the IFP might not move back to where it started. Usually it does due to suction as long as you cycle the shock slowly, but it might not! You are creating a vacuum when you extend the shock so it should move back. However if it doesn’t, and you then mount your shock and go hit a fun jump or big bump, the IFP is now too close to the valve end of the resi. The force you create hitting that bump can push the valve end off the reservoir. It’s quite fun to watch….I’ve seen the end fly 30 feet in the air! You can also just blow up the resi if the end cap doesn’t come off.
FYI FOA had a lot of their early shocks do this from the factory. Most of my friends that decided to go that route took them apart and re-set the IFP Depth. It takes like 10 minutes. More than you wanted to know? Sorry for the long post.
Oh and DGAF about the moisture that gets into the shock. The first time you open up a shock moisture gets in there….it won’t hurt anything. It isn’t delicate and it isn’t a space ship. It’s a piece of steel holding fluid and gas.