I think there was some tax loss selling, but the crazy volume we saw was so unusual. Big 500k/1mil blocks going through with virtually no change... over a long enough time. Not your usual selling, like I said before it was almost like a transfer of sorts.
But yes your right, even if a small portion of that was tax loss selling, it seems the sp is being pushed up with minimal volume. This is a great thing because we could easily be in the teens when our big announcement is made. Thirty to fifty cents sounds good to me!
We should get a nice bump on the news, but its the accumulation into drilling that should really move this thing. A Chad, EEZ or JDZ announcement is just gravy on those taters. Lets hope our seismic is outstanding as that will REALLY move things! Cause lets face it... there's oil all over the place there so our chances of proven are quite good IMO>.
I still want to know... what does a commercial discovery do to the ERHE sp??
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