ERHC Energy Inc (ERHE)

[prophetti]

turning the page for another look

Who ever has been dropping the big bombs on the bids since June is the reason while we are in the fallout forties.

But why? who? and for what?

There is plently of speculation out there, here's my take.

1. MM margin sweep - MM's know that there have been a lot of retail buying going on and they will test the longs and profit from the weak as they always do.

2. Accumuliaton - the accumulation that has been going on is moving the share price lower now, making it appear that there are sellers, thus forcing out weak hands such as those margin holders.

3. Big time sellers - (but who? and why so soon?)- Are there really a few people out there crazy enough to take profits when the rainbow is just over the horizon? I don't think so.

This is a test of time, and patience for true investors.

ERHE is not on the SHO list, the transfer agent confirmed the outstanding share count of just under 711,000,000 which means there hasn't been a great deal of dilution, and I-Watch has been our clue to the IA accumulation, so we shall see.

I'm hanging in there and I will be on the bid side.

Let's hope for a good week next week.