ERHC Energy Inc (ERHE)

[Strategyone]

I think some people are over analyzing the current price war.

Yes, I wish ERHE was sitting at a share price of $2.47 (lol) right now as I feel it is worth more than that within a year or so but it is not.

I actually think the MM's are doing a pretty good job right now. Most people who follow this board are likely tapped to the hilt (and then some) and those are the only real buyers at this point. Thus, low volume. .70 + or - is a pretty fair range considering the drill hasn't started turning yet (or publically declared to be turning by an operator).

I actually expect a relatively small pop on news when it comes out of the drill bit beginning to turn. I then see a pull back as the MM's collect more inventory on what ever run up occurs. We have 60 or so days in which I think we will then hibernate (for 2 - 5 weeks) and then a gradual to frantic rise as rumors fly or news leaks.

Just My HO.