Replies to post #295548 on ERHC Energy Inc (ERHE)

[sahd3g]

regardless of who bought and why, Friday's trading bodes well for longs this year ... lack of volume today so far may or may not be great. Not enough volume to for intraday swing trading IMO.

The lack of high volume dumping was a delight! ERHE volume was showing us some organic action and bullish at that.

[DegenerateGambler]

Middy, maybe you missed my post on Friday after the close or have me on ignore. Next time give me credit when you repeat was I post. Here"s the post:


DegenerateGambler   Friday, 01/02/15 09:49:07 PM
Re: oil-cowboy post# 295449
Post # of 295550 
Not to be a Doubting Thomas, but I have seen the SP shoot up many times in the past and then quickly fall back down, showing only a small increase after all the smoke cleared. Only a few months ago the SP shot up to 12 cents interday only to fall back to 10 then drop even further over the following days. This like many other quick bumps up was not based on anything that could be pinpointed (as in good news), just like today's increase. My guess is that the SP will be in 1-1.5 cent range next week, unless of course good news is released. My guess is that ERHC's management put in market order to buy instead of a limit order and the MMs took advantage of this and sold them shares between 3-4 cents. This should come out out in the SEC filings real soon. But all this is a WAG.