ERHC Energy Inc (ERHE)

[oilman57]

A few other points. The MM took out all the stop loss orders which in itself triggers a decline and panic selling which triggers lower stop losses.

That is why I never use them in stock under $5 that are volatile. Because at some point the MM's almost always trigger them to pick up cheap shares. They do that with all small cap stocks. So you usually end up losing your shares. Just keep a closer eye on the stocks.

In addition Im sure some people had other stocks that got pummeled today and probably got caught in a margin call. So they sold off some of their stocks (including ERHE) to cover their margins in other stocks that were dropping.