ERHC Energy Inc (ERHE)

[robjer]

hey i really wanted to stay long, but sold 2/3 of my $.397 shares yesterday at $.515 when the stock started looking a little tired on day 3.

Would've held except for the comment that they made about being an acquirer. With ERHEs current cash and 600M+ shares outstanding, I don't see what they could buy that would be acretive--even if they got some $Millions for a partnership.

Plus, in Nigeria, nothing happens on a Westerner's time schedule, which isn't a surprise for those who've held this 5+ years waiting for events that some now are positive will happen next month. Let me see, where have I heard that before.

Ive still got a substantial number of shares that are well-profitable and that can be held until next month's story (or at least the block awards, whenever they happen) play out.

robj