ERHC Energy Inc (ERHE)

[TOB]

Look at the chart buddy, the sp price has been in an "almost constant downtrend since" 75 cents on 3/02/10. With a notable dead cat bounce around the time of the PP sale. It was a false rally, if the rally was legitimate, the sale of $2mil shares would not have stopped it. Just before the bounce, the sp had tanked to .22. You are not looking at the bigger picture.

You can argue that the sale was bearish, perhaps around 5 cents or so, but obviously there was a bear market in play, which nobody looking at the daily chart would argue with.

Whatever the effect of the sale, it is over and done with, and it occurred during a larger decline from 90 cents. I don't understand this continued obsession with a possible 5 cents of a 75 cent decline. It was a small influence at worst, and long over with.

Look at the monthly chart. The PP sale took place after the SP had already hit .195, bounced to .42, and was dropping down again. The decline from the dead cat bounce at .42 was already underway.

Could it have helped it down another nickle or so? That's a fair opinion. But it is obvious it was only a small part at worst of a longer bear trend in ERHE. Something we can see several past examples of.




Ps.

Obviously the "Spring rally" is not in sync this year. Thus the ? on my chart. Are you insinuating I claimed it was certain to happen?