ERHC Energy Inc (ERHE)

[Strategyone]

Although I am not thrilled with the current share price, I am not screaming bummer either.

For those of you that are unhappy, ask yourself if the fundamentals have changed with this company or it's assets to warrent the current downtrend?

Since drilling is a year away and no new news is coming from the company (and there really shouldn't be except for potential of EEZ which is out of their control), the share price will not be going up dramatically any time soon.

Second, it is very natural for many stocks which are at near term lows (4+ years for ERHE) to go into tax loss selling in Oct - Dec. Unless you expect news, clever investers will try to leave the stock for 30 days and re-enter at close to if not lower prices. Very likely the reason for downward pressure right now.

IMHO, even with no new news for the next 4 - 6 months, I figure one can likely get a 20% - 30% gain off the tax loss selling cycle if you have the will power to play it.

Last but not least, "buy when there is blood in the steets".

Good luck all