Elray Resources Inc (ELRA)

[sweet crude]

This week should tell us some

Stock is trading now at around $240,000 market cap. Alot of that was due to having the split fear overhanging the stock, plus maybe some debentures from past just unloading.

The key now to watch is this week. Monday should be the real first day of trading as it takes some systems a day or so to update so they can start taking and reflecting buy and sell orders.

If we see little to no sales at the bid you should start seeing people test the waters and start to slowly ease in. The fear im gathering market has is now they will dilute. They say they have no intentions, but we shall see.

The longer we see that wont be an issue i bet you'll see speculators bid in and scould see this break back above .04 and head to .10+

Even at .10 ELRAD would only have a market cap of $1.2 million....that only could attract investors to play this as a flip by buying anything below .05, and flipping up near .10+