ERHC Energy Inc (ERHE)

[jake1279]

I'm not getting the reason why

many here post their share numbers and then state that they have not sold any. Someone posted awhile ago that they are long and strong with 200K shares, when it hit .80.

Why? Why so many shares when it hits a high not seen in years?

If your average price is below .60, or even if you had bought below .60, why not dump some for a profit at .80? Do people lie about their holdings?

What happens to the price if they hit a non-commerically viable well, or a dry well?

What happens to the poster's portfolio with 200k shares if it goes back to .25 in a nano second?

Recently, BP Gibbs hit a "very large" oil find off of Mexico. But, if you read ther story, they hit a ton of dry holes first.

http://www.washingtontimes.com/news/2009/sep/03/big-oil-strike/

We could hit some bad ones. Then, this could be an elephant field 1 -23 years from now. Why not take some money off of the table, book some profits, and reduce your risk?

Maybe I should not assume all posters are being 100% legit or, if they are, they are fine with the risks.

Just a thought while we wait.