Replies to post #274967 on ERHC Energy Inc (ERHE)

[oil-cowboy]

I'm excited too middy, lots of big things on the horizon.

Lets see if the volume and sp increase continue into next week.

Cheers

[Krombacher]

My "sense" is that if ERHE announces a partner Monday morning, then the shorts are going to be in one heck of a squeeze.

But you're right in that such surprises happen less often than most would like...in fact we probably haven't had a nice surprise like that since the JDZ drilling.

So if ERHE does not announce anything on Monday morning, will the shorts sort of wait for the price to taper down later in the day before covering or will they short even more in the morning since they may see the closing price yesterday as overbought?

If they short in the morning and buyers snap them up, what will the shorts do then?

If I were a buyer, I would suggest that the buyer wait (that is if ERHE has not announced anything that morning)...give the shorts some confidence to either short more or get the impression that they can cover at a reasonably lower price in the day...

...then blamo, hit them with all you got.

But please take the above as just a suggestion and not professional advice, because I have no way of predicting what the shorts will do.

Suffice it to say that if ERHE is following the strategy of waiting for short interest to rise before releasing any news as I hope they are, then the last few days of shorting activity may very well precipitate to news on Monday.

We shall see.

Krombacher

[Krombacher]

If I were ERHE though, I wouldn't announce anything on Monday at all.

I think this high price of almost 9 cents will attract shorts like magnets. A 20% move up in one day is a pretty big move...this should be short heaven, imo. Most stock almost always trail back after a move like that...easy money for the shorts.

Then, once all the shorts are in and we see some serious short percentage...THAT is when ERHE should release any partner related news.

Personally, I don't think we've snagged them all in ... they've only used up some ammo and have a LOT left, in my opinion, in their shorting capacity.

If ERHE announces now, the shorts will only be mildly stung. I say lure them in some more.

Krombacher

[Krombacher]

Also, to the would be buyers out there...

...if ERHE does not announce anything in the morning, I suggest that you DO NOT buy any shares in the morning or at these high prices.

Why would you want to pay such a high price when everyone knows that shorts will like be enticed by these high levels?

They will drive the price down with their shorting...LET THEM DO THEIR WORK.

Once the price is down...SWARM.

Krombacher - the above is just a suggestion and not professional advice. Buy or not buy at your own risk.

[Krombacher]

The psychology of Friday's buyers will also clue us in, I think.

For example, if on Monday morning there's no news and the buyers are still buying and letting the share price rise with reckless abandon, then surely they expect something to be coming right around the corner...like they're desperate or something.

On the other hand, if the buyers wait it out a bit looking for bargains created by the shorts, then I think it would be reasonable to assume that they are not in that much of a hurry and so maybe they don't know exactly when a partnership announcement will be made.

I think, Monday morning's stock action will TELL US A LOT! But I could be wrong...most often I am.

Krombacher

[lovemelongtime]

Quote from you " I sense stagnation, poor MANAGMENT and missed deadlines". Another quote from your same post says " sensing things with Erhe has never worked in the past and won't work this time either". Stop contradicting yourself!!!