EGPI Firecreek Inc (EFIR)

[BLULLISH]

EFIR update regarding massive sell volume. The good new is that it is not DILUTION.

It is SHORT selling. I'm not allowed to post links, so, Google OTCSHORTREPORT and you will see that EFIR is top 2ND most SHORTED stock. Again EFIR is the 2ND MOST SHORTED STOCK ON THIS SITE OTCSHORTREPORT, just GOOGLE THIS SITE. CLICK on EFIR if you want to see SHORT CHART and VOLUME for the past few days.

GOOD news is that the shorts are running out of shares to sell. So we all will see a spike to the upside very soon. NOTE: If you want to know more about SHORT SELLING OR BUING TO COVER, just GOOGLE IT.

EFIR is currently at a great entry point with all the Technical Indicators very STRONG.

Selling below the bid price and massive unexplainable selling volume is a sign of a short selling.

Short selling: Short sells make money bye borrowing stocks from a broker and selling it and then BUYING IT BACK cheaper and keep the profits.

Eg. A short seller will borrow 20 million shares from broker & sell at 0.0016 net proceeds= $32,000 and then PUSH the stock price down, Then buy back 20 million shares,at 0.0012 net cost= $24,000. In this example the short sell will make $32,000 - $24,000= $8000.00. Once the deal is done, the short seller returns the 20 million shares to the broker and does it all over again.

NOTE:Short selling can be very good for trades holding stock long, because when shorts are out of borrowed shares to sell,the price starts to go higher and the short seller has to buy back the borrowed shares to return to the broker. This is called BUY TO COVER. Buy to usually makes the stock price to spike.

Remember to focus on bullish signs like Bottoms, Huge Volume etc.

EFIR has all the bullish signs, you don't have to take my word for it, go look at the CHART,VOLUME etc. Remember to GOOGLE bullish signs for stocks.

EFIR current price levels is a great ENTRY POINT. I believe this stock can easily hit 0.05, with the announced partnership with a new company, Drilling adjacent to Chevron & BP producing wells, Drilling Ellenburger well, with wells in this area producing 500,000 barrels of oil a month.