ERHC Energy Inc (ERHE)

[DegenerateGambler]

Hi Badog, I am glad you are still here, but I believe you are only a "watcher" and no looker invested in ERHC (or perhaps only a few shares). You say those that bought in the 4s and 5s may book a nice profit and sell and I agree that that will and continue to happen. IMO, this profit selling is keeping the present share price down or at the least slowing down the rise that is now occurring.

Keep in mind there are many long timers here that held on to there shares when the share was down in 4s and 5s, but many of those loaded up with more shares to cost average down and they long timers are not the ones selling now. The long timers could have given up when the share price was In the 4s and 5s, but MOST held on through the storm and their shares remain in strong hands (like myself and many, many here in iHUB). However, there was one very vocal poster (middy) who sold at or near the bottom. I do not think anyone misses him here and likely believe he deserved his fate for selling, instead on weathering the lows.

The share price outlook remains strong as ERHC has a strong cash rich partner who has been rejected in Kenya before and very likely will want to blow this chance. But the bottom line still is and will always be finding oil. ERHC's very words are encouraging and I like that and will not be selling whe the SP hits 10 cent or flies through the teens and I am sure many others will not be selling either.