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right brikk. I seee it range bound between 1.13 and 1.23 with a tight area between 1.15 and 1.21. Since there is no urgancy smart money buys the dips. Float is getting tighter as strong hands are accumulating.
Brikk whoever was trying to buy without affecting the chart must have changed mind. Black usually means next day is down so the buyers can load up.
looks like a black candel day. However not so bad as right in the middle of the trading range. So still range bound IMO.
Why didn't they tell us today what the offer was? Is a merger or a buy in buy out what is it?
tradeing in the range again. niblers get chance at 1.15-1.17 for a little while longer. 21 DMA is 1.13 8 DMA is 1.19. no vol no sellers buyers just waiting for their price no urgency yet. JMO.
The offer had better be close to .70 not .o7
Strasseenheim that is what I mean no reason for a gap up. There was no vol. Now no follow through vol.
why the gap up and run on low vol? what is up?
I was not aware of a div. What was the date of record holder to receive the div. and what was the div amount TIA
Right Oliy if we don't get over .53 fast we take a #2 according to my fast chart.
Wow did we just get a spike in vol.
pops6x The high on 3-26 was .37 did close at .36 the low on 3-27 was .36 thus the stock traded with in the previous days range hence no gap. Where it opened in relation to the previous close does not form the gap. Only if it trades outside the previous days range. Don't wait for .36 .37 not much chance you will fill now. This last pull back to .46 appears to be the new support. Strong buying came in.
Am I getting old and can't read but didn't Oily just have a post deleated? If so Wow can you immagine the govenment intervention we will see in 2009 if I hub hs to be so politically correct.
pops6x where in heck do you find a gap? The charts don't show one that I can see nor do the historic prices. Please point it out as to date and exact price.
Blue I think your post to me was deleated. Must have been something of a technical nature.
hoehne If you had read the previous posts of mine you would have seen I was responding to one who had made a statement as to a reason the stock was dropping. I pointed out there was also another. That is not lying nor stealing. I have been in ERHE for many years much longer then I have been on I hub. Any BB or Pink is a high risk investment. Anyone placing their $'s in should know and do DD. By that I mean have knowledge of both fundamental and technical. In these type Fundamental is key. Charts or technical only tell what others are doing; not often why nor if they are making the right choice. Remember to many knowledgeable investors the time value of money enters the selection they make.
Tyoty you may be right but from the markeet action some are selling and it has vol. Not all traders make the right decessions sometimes they get out and are forced to buy back higher or they forgo the position. They will still hold core.
Strassenheim I too have been here for multiple years. Long enough to have a nice low basis slightly more then 1/2 of the price of todays close. I hold much in IRAs which is not subject to 1 year rule. I suspect other longs do too. Some of the longs have funds considered trading funds. You see them state I will take .70 or.100. I doubt any long woul exit the total position, but I believe the action we saw was tadring shares being shed by longs as well as momo players. I would hope we get news of a rig and or the new company. IMO any large player not in who attentended the Red meeting would come out do DD and calculate the time to drilling. If it is a year out they will place orders under the market and wait. In that length of time there will be some who MUST sell. Emergencies, estates whatever. They will pick up the forced sale. A year is a long time to a pro.
Tryoty many longs hold core and trading positions. I suspect we are seeing trading ones being sold not core.
Strassenheim Add to what you said with the statement won't drill until June 09 and you may be seeing Longs looking to take some dead money off the table with hopes to buy back lower. Addax knows when they will drill we don't. Its uncertainty that is pulling us down. JMO
cheevdawg I too like this pattern. IMO It can trade for 4-6 days between 1.14 and 1.23. It would form a nice step for a run to the next level. I see this pattern as accumulation.
Marine those are revenues. What are the earnings
Do they state earnings or isn't it revenue.
How long did you wait for the shirts? I hope they still have them. Did you tell them a size? tia
DPDW up 6% when Dow droped nearly 400. Very impressive.
Deerrun ERHE doesn't trade via oil nor IMO hype. We have true believers who when extra risk capital is on hand buy. This is still an exploratory play. It requires drilling to prove the investment then time to bring product to market. We are in a high risk time value of money play. This requires a excessive high return. The increase in value of oil is only a minor equation at this time. JMO.
More trades in the next 2-3 trading days which keep within the 1.14-1.25 range will be best as it shows accumulation and not a parabolic run. JMO
Thanks Valley I should have known that. My mind was trapped on financing not contracts
What is LOI sorry I'm not familiar with those initials.
Its more important we don't break .029. .04 is not the upper resistence. IMO .029 is support
someone got a steal at 1.06 if this new stock has restrictions. Chart looks like we want to pop to 1.40 IMO by early July.
I didn't see any indication the stock is restricted. I would think it has to be, but for how long? If not they will sell a chunk to recover some of their outlay. Taking that large amount makes me think DPDW is looking at another aquisition. They could now use some cash and finance the rest with bonds. I'd like to see bonds vs dilution on aquisitions.
Is this going because the road show or is real news coming?
We don't have eveidence yet of investment board flipers jumping in. Nice steady gains. Doesn't seem we have hit the flipers radar screens yet. Buys appear to be true believers which usually means long term holders. JMO
Blue thank you for the chart posted on ERHE. BTW have you looked at DPDW. It is inching up, but has a lot going for it which is not appearing in PR's nor the chart yet.
Have a great week
at01x thank you but I went onto the company site and filled out the info when I sent it; it came up site no longer exists. I did this via the site I found on yahoo do you have an address to Steve Haag. Tia
at01x Where do you buy these shirts? tia
hardtimes where does that rumor stem from? I have not seen it. TIA
captain what is the price of GOLIF and why can't I find a quote nor chart? tia
Low Vol no sellers. Vol picked up on DPDW which Addax will need their service.