Yup, and that rock solid formation extends below too given that Level 2 the last few days has shown bids in the 8's that are fairly large which we'd have to cut through to fall beyond that.
Are those guys with big buys going to get their shares in the 8's or will they regret trying to save a few pennies as they find themselves chasing this stock. Given ERHE's outlook, I'd bet those bidders don't have the discipline to walk away, you know why? Cuz they want this stock quite frankly and as greed starts to take root that one or two cent premium needed to slap the ask will seem more and more a small hurdle to overcome.
As arnim stated...they're going to get the seismic and that big black blob in Kenya will be investigated...and it might just be oil.
Krombacher
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