ERHC Energy Inc (ERHE)

[snow]

Why not face facts?

The fact is that the share price has been sliding. There reason is of course that the sellers have been on the offensive. The market-makers reflect the orders that they receive. It seems most likely that the market-makers have not increased either their long or short positions substantially. They rarely do.

Because of the above the interesting question seems to be to be why thare have been so many shares on offer and only buyers at lower and lower prices. There have been some convincing explanations as far as the former is concerned. Some have been over-extended, some have lots of shares at very low prices and some are short-termers who don't expect much to happen in the near future. Never tak a falling knife it is advised. Those who have bought shares recently have all losses. Why buy shares in such a situation unless you want to buy millions and millions of shares? Nobody seems to want millions and millions of shares.