What may happen instead is that accumulators will open the day with very low asks on a limited amount of stock, driving it sharply down in the thin market of recent weeks. Since they have slowly perfected this "dump and pump" technique, they ought to be able to get it down to $0.43, a very attractive level for such buyers (and for me) before they run out of idiots willing to sell. Recovery in advance of heat from leaks of pending awards announcements will be slow but steady, in this scenario.
It didn't take long for that prediction to come true! In pretty thin trading, sellers drove the price of ERHE down to $0.415 at 10:25am EST, but like a good man it could not be held down.
Within 32 minutes, the price had rebounded to .48, but not before lucky buyers picked up 57,480 shares at $0.42, 10,000 at $0.435, 20,000 at $0.44, 45,000 at $0.45, with the next trade going off a cent above today's opening at $0.47, followed by one each at $0.475 and $0.48, before the trading settled in at the $0.46 opening once again.
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