ERHC Energy Inc (ERHE)

[Strategyone]

Actually, I reviewed claytraders video today and ERHE closed at the Second (and top) level of resistance from his chart. Everything else you said I agree with.

I sense that many of the ERHE traders exited their trading positions back when Sinopec was granted the 6-month extension. This was considered dead money through the summer and now some are re-entering for the September 14 run up.

Second, I noticed a number of ERHE’rs jumped ship (at least with a portion of their ERHE shares) back with Markgovol’s missed call on the JDZ contact rumors. Many jumped to the MMRF stock for perceived great fortune. Unfortunately for them (and for shareholders here), that stock took a fall from .30’s down to .14 currently even with the great communication that management team seems to have. I was hoping they would have a great fortune or run with that security so they could re-enter here in the fall with more basis. I still suspect some of those shareholders will try to move some money back here for the Sept. run also.

I thought we would have another week or two before the run up but my timing has never been very good. That’s why I am not a trader, lol.

Good luck all