ERHC Energy Inc (ERHE)

[TOB]

Nope, LOD is at .13 at of 11:25. No need to panic the horses ahead of the actual event. Likely many longs will not exit so low based upon the results from on block and SNP's negotiating games.

What we are seeing is weak longs being shaken out on low volume, to me, that indicates that insiders and large holders are not selling, and clearly, others are buying what is being sold.


Note: I'm not saying we won't see lower prices, possibly a retest of the key support at .10, just that it hasn't happened yet and today's decline is low volume so far.

I agree with exceo that those who don't like this investment in ERHE, or the wait until they do some more drilling should sell out and let those of us who believe in the potential assets build our positions and lower our cost basis.