Maestro,
Since you are asking for my opinion:
ERHE is up YTD. It is up that same amount, but that is also its yearly low. It is down over 50% from its yearly high. And it is roughly even from a year ago. Those are the facts, now to the opinion.
Why is it up so much? It is up from Jan 01 because of the potential of oil, which at this time looks promising. That is the issue on the plus side. That is, IMO, the reason the stock went up to a buck. Once it went that high, however, their offices were raided. They are under investigation. and now, since that time, the stock is down more than 50%. That drop is due to worries about the investigation, IMO.
You have various issues wanting to push the stock both up and down, just as you do with all stocks. You understand this, I am sure. But to claim that there is not resistance and negative weight on this stock, all while it is off 50% from its yearly highs, is ludicrous IMO. Again, like sticking your head in the sand. The price has remained relatively steady at these levels, and new on the positive or negative side is likely needed for a big move that will hold.
That is my honest opinion, maestro.
