ERHC Energy Inc (ERHE)

[Krombacher]

The action is really fascinating:

Volume last couple of days:

May 24, 2012 1,346,600
May 23, 2012 751,000
May 22, 2012 522,100
May 21, 2012 132,900
May 18, 2012 101,600

It's quite a spike in volume, and if we do decide to ignore the closing price because the MM's are apparently manipulating them (or some have even been painting the tape lately), then consider the highs of each day since that number is harder to manipulate:

May 24, 2012 0.14
May 23, 2012 0.14
May 22, 2012 0.11
May 21, 2012 0.10
May 18, 2012 0.10

So whoever it is on May 23 and May 24 is not only hitting large volume buys, but is willing to chase it some 40% higher all the way to the high of the day.

I highly doubt any longs here are doing that...I'm sure most are already all-in and newbies probably haven't noticed yet as it is too early.

In my experience, when someone rushes in and says I'll pay you 40% more for that "thing", either that "thing" is a matter of life and death or that person knows they'll make more based on some news event.

Just sayin', but I could be wrong.

Krombacher- the above may be wrong