Increase holding?

Pro and Con technical thoughts on URRE.

Graph is still looking like a bottom has been reached to me. I'm banking on $4.00 not being broken but I'm not as convinced as I was a week or so ago.

$4.31 is a 62% fib retracement from the highs in March ($7.80), lows in Nov ($2.15).

Volume is low although there doesn't seem to be any great selling pressure.

The MACD and Full STOC are showing weak positive divergence from June 2006 but not quite enough to convince me 100% we have a trend reversal in the making.

If we go below RSI 30 then I'll be buying a little more although if today pans out positive then I may pick some up today.

Decisions, decisions!!

Regards


BG

Hi, new here.

I've been wanting to get into a Uranium play for a while and came across URRE. I bought in at $4.50, mainly on technical analysis.

I saw the stock hit and rebound off the $4.00 mark a few days back and noted that that seems to be an historical support point. The an inverted hammer the next day followed by a positive day confirming a trend reversal so I bought in.

Seems like I missed the bottom by a day. Yesterday saw a bigger and lower inverted hammer and today (as at now) we've got a bullish engulfing pattern.

We've bounced off the RSI oversold line twice this last week and the Money Flow and Acc/Dis graphs indicate this stock has been under accumulation since early July.

Expecting first resistance at $4.75 then $5.50. $4.75 within the week. Not expecting much higher than that for now due to production problem unless we get general good news on Uranium related news.

Regards


BG

Bullish engulfing pattern on Thursday

So we should see another green day on Friday. We are still in a declining RSI pattern from the highs in mid March 2006. If RSI breaks 45+ then I'd say the reversal is confirmed and ERHE is a BUY.

First resistance at 0.50 then at 0.55.

Technicals do work for smaller stocks IMO.

Regards


BG

OT: The US soon backs off when the enemy has nukes though.

I dont see your brave boys sticking one on North Korea.

Missiles, bombs and bullets are not the answer in all scenarios.

All together now... we believe We Believe WE BELIEVE

That will give you another 24 hours to offload whilst the suckers wait on WB 'words'.

Nice strategy.

Selling this POS at the open.

I wonder if the 'consultants' recorded in the 10Q are responsible for some of the ferocious selling we've endured over the last week or so?

Plus the shareprice can really move on less than 2% shares outstanding being traded. Why is our average volume per day so low? I suspect we have some very strong longs but they are not buying at the moment. We need new blood, we need a PR!

BG

Looks like we've been shafted on this one.

I'm just a poor bagholder, just going to sweat it out and dump no matter what on the next big volume day.

Hopefully the Bickels wont get what they want and both live short lives.

BG

Thank you sir.

can someone post the close please, i cant get live trades even using ERHEE on my trading account.

Thanks

Bitter

Opened at 0.62, looks like we'll go to 0.70+ today.

Reversal confirmed with the inverted hammer candlestick formation yesterday.

I agree with Ruby and a few others it looks like the selling at the end of play yesterday was due to a distressed seller probably on margin.

load up guys.

Regards


BG

MMs have loaded up, ready for tomorrow.

Reversal pattern formed, a sweet looking inverted hammer. Plus we bounced off the 61% fib retracement (0.56) from the 0.95 close around the middle of March.

If we open at or above 0.59 tomorrow we will have a green day, probably 15%+. Expect resistance 0.71-0.72.

Bought 50k for average of 0.61.

Regards

BG

Chris Bickel = Incompetent

He got scammed on the Securesoft deal and now he needs another $1 million dollars to get SINO off the ground. SINO is only in the fastest growing market in the world and he cant get it to work. What a dork.

Not only am I voting no for the dilution I'm voting not to Chris Bickels re-election, he is a liability.

BG

Funny how Dow Jones News wires are on this story like a shot whereas noone was interested in the PSCs being signed. Looks like we have p!ssed some big people off.

Great you can have my each of my shares for $8.

No point in selling now the MMs have dropped us 20% in pre market.

Regards


BG

I'm expecting a PR from EHRC this AM.

They will surely respond with some good news to counter the 8K.

Dirty trick campaign I reckon.

regards


BG

Maestro I dont see how you can call AIM a second rate exchange.

I lifted this from its website:

"In the 10 years since its launch, AIM has grown into the world’s most successful market for smaller, growing companies, with a total of $42,088 billion raised by companies on the market. AIM currently has a total of 1,399 quoted companies, of which over 220 are based outside the UK, drawn from countries as diverse as Australia, China, India and Israel."

"In 2005, the London Stock Exchange attracted a record 19 companies from the US to AIM, raising a combined total of $2,126 million. There are now a total of 29 companies from the US quoted on AIM."

I dont have much experience of AMEX but it doesn't seem to have the same status as NASDAQ or NYSE I assume its because its designed for small companies, I'll investigate.

Ho and that 'Foreign Country' just happens to be your closest ally, its not like its situated in France. :)

Regards

BG

Be aware BG Group is an acquisition target of XOM.

Regards

BG

MMs just trying to mess up the TA guys. Kinda screws the Fib retracement numbers. :)

BG

wonder if someone put in a buy at 1.35 instead of a sell at 1.35.

I know I've nearly done it a few times when trying to trade quickly.

BG

Rocky822, Its naive to suggest that AIM is not manipulated but I doubt its as bad as the OTC.

AIM attracts institutional investors, it is seen as the place to go for institutions to seriously invest in small cap companies. Does the OTC?

Please refer to the recent announcement of a 10% institutional investment in AFREN. (Market Cap $250 Million)

ERHC Market Cap of $700 Million and no institutional investment of that size that I'm aware of.

Regards

BG

The best AFREN message board is at

www.iii.co.uk

I have read comments on there about ERHC, then seem knowledgable.

You need to register though.

BG

Maestro I think you need to read up on AIM. Its THE premier exchange for small cap companies. More and more US companies are getting a listing there because they are sick to death of the manipulation they have to contend with on the OTC etc...

Plus Nasdaq tabled an offer to buy the London Stock Exchange only a few weeks ago. It was turned down and word on the street is that the London Stock Exchange is looking to buy Nasdaq. Imagine that!

A Singular Global trading platform is the goal. Europe will be there within a few years due to EU legislation and London is looking to lead.

Dont fight the trend as they say.

Regards


BG

The origins of the saying are from China

No more shares for sale in the 90's up we go.

Any PR about a buy in will blow this sky high.

SINOPEC must know about the imminent CVX PR. They know what it will do to ERHE shareprice, getting in before the PR release?

BG

This doesn't look like retail buying to me.

Too many big orders coming too quickly.

$1 to be hit today

I doubt small time investors will get in under $0.92, big buys going through, deep pockets entering the fray.

Expect news.

IMHO

OT: Rumor in London is that XOM is looking to table a takeover bid for BG Group ($53 Billion Market Cap).

http://uk.biz.yahoo.com/29032006/214/london-close-bg-bid-chat-excites-footsie.html

Regards

BG

For the record I bought ERHC on the potential of oil and not as a technical play.

Having an understanding of the technicals helped me to identify support at 0.71 (31.8% Fibonacci retracement) as well.

Candlestick charting is made more interesting with funny terms like
Dark Cloud Cover,
Gravestone and Dragonfly Doji
not to mention the Three Mountain Top which ERHE hits at 0.90+ (check out the 3 yr chart I'm sure you'll see the pattern.

Ho and dont forget the abandoned baby pattern either LOL.

I hope my post was of interest if not of use. :)

Regards


BG

Red

We didn't manage a bullish engulfing candlestick today. We'd have to have had a close of 0.80+.

We do have a Piercing Pattern though, which as you probably know is a bullish opposite to a Dark Cloud Cover pattern.

For those that dont, a Piercing pattern requires the following:

A downward trend
A black candle followed by a white candle
The white candle opens lower than the close of the previous day (even better if it opens below the low of previous day)
The white candle close is at least halfway up the black candle, with preferably a short upper shadow.

A Piercing Pattern is bottom reversal signal so expect a green day tomorrow. Not sure by how much but I predict a green day.

Kind regards



BG

TAP, Trading in the UK

I'm also aware that CITIBANK do sterling/dollar/euro currency bank accounts that I believe are acceptable.

http://www.citibank.com/uk/personal/banking/

Regards

BG

Just a thought, who'd get to name the oil field?

If you could name the biggest oil field in the GoG what would you call it?

OT: WGMGY

From what I know of WGMGY the AIM shareprice dragged up the OTC shareprice by a noticable amount. I think WGMGY is more actively traded on AIM than OTC, or atleast when it is traded on AIM the share price moves higher than when a similar value of shares are traded on OTC.

Regards


BG

Bazilfawlty

As mentioned before its a mistake to compare stock price you should compare Market Capitalisation instead.

EEL.L is approximately $750 Million (sp @ 332 pence sterling)

In the UK the actual shareprice isn't used as an indicator of size or strength compared to the US markets. Its soley down to Market Cap.

regards


BG

I'm in the UK and I use ODL Securities who incidentially are the brokers for EEL.L.

They are set up for UK investors wanting access to US markets and no doubt they can cope with US investors wanting access to UK markets.

The software I use is MyTrack (www.mytrack.com) which I believe is software originating in the US. It supports both US and UK markets and is promoted by ODL Securities.

www.odlsecurities.com

www.mytrack.com

Hope this is useful for some of you.

Regards


BG

Bullish engulfing pattern if we can hold 0.78 to the close

The lower shadow of the previous day at 0.76 would be where I'd mark a short term support level whilst we are in this holding pattern for news.

Congratulations to those who accumulated below this level today. Still waiting for my funds to arrive.

BG

OT: Strass

Just to let you know that the London Stock Exchange doesn't use shareprice as an indicator of financial strength as much as you guys do in the USA.

E.G VOD.L (Vodaphone) trades at 110 pence and is 200+ Billion Dollar company.

Companies get on to the big board (FTSE 100) purely based on their Market Cap and only that. No need for a shareprice to be at a certain level for a certain period of time. This threw me for a while when I first started investing in the US, I just couldn't figure out why a company needed a share price of $5+ to get on the NASDAQ.

EEL.L has a Market Cap of £460 million (390 pence). Still a small player in Oil and Gas.

Regards




BG

ERHC - Headline on UpstreamOnline.com

Agreed, in a amphibious landing craft (eom)