The folks counting on JDZ news got disappointed and sold, is my thinking. But this rally is about Kenya and what Africa Oil and Marathon just accomplished with hopes that ERHC will do the same.
Also, the rest of the market is absolutely tanking, did you notice...some could be selling to offset losses today or meet margin calls on other stocks.
But people ought to look at the continuous run up on Africa Oil and seriously consider whether ERHC can do the same.