walldog - NOPE it DON'T happen to every stock - and certainly not on this scale. there AT LEAST 2 types of bottoms in trading vehicles in general - and ERHE conforms to the heavily manipulated variety - straight from the futures trading 101 course.
When the 'floor' feels retail is vulnerable they 'shake' prior to a reversal - but futures is a ZERO sum game - unlike STOCK investing.
Wonder why ERHE behaves EXACTLY like a FUTURES contract and NEVER makes progress despite good news?