In the past week, we have seen the stock slide dramatically as a series of delays bogged down the anouncement of block awards in the Nigeria-Sao Tome and Principe Joint Development Zone by its Joint Ministerial Council.
Now that trend ought to be about to reverse. Indeed, that's been the pattern for months now: sharp falls are followed by sharp gains that bring the share price higher than ever before. If the pattern holds, the share price ought to cross $0.90 within a few days as we gain more clarity about the timing of the awards announcement.
The concern over a furor caused by an RDP Radio Africa report in Sao Tome should recede, as government officials formally defended the award at a press conference yesterday and the issue seems now to be one of taming the objections of an opposition party that has been unable to block awards in the past.
Now for today's trading Updates.
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Update, 4:36pm EDT, 5/3/05 Great news for blog-bashers! Our Google AdSesne account has been disabled and they have taken away the $500 we earned through countless hours of hard work, apparently based on a false complaint filed by one of our readers.
Update, 4:15pm EDT, 5/3/05 A day without news is like a rose without sunshine,
but that didn't deter the buyers who came out in droves today. In 438 trades as of 4pm, ADVFN says there were 1,097,208 Buys to 779,422 Sells and 102,435 shares unidentified. There were 45,400 shares purchased in the last 10 minutes and just 2,300 sold, A sale of 1,300 shares at 3:59:44 brought the price down to $0.72, and a 500-share purchase thereafter at closing lifted it back to $0.73. There seemed to be strategic sales that pushed the price down throughout the day, so it appears that short-sellers remain active despite a preponderance of positive news. The last trade was a 1,200-share Form T buy at 4:02:49.
Update, 4pm EDT, 5/3/05 The Ask falls to $0.73 and the Bid jumps a half cent to $0.72 as the bell rings on a $0.73 close, an $0.015 improvement for the day
with final volume of 1,979,100.
Update, 3:59pm EDT, 5/3/05 The price jumps to $0.735 as volume nears 2 million, now at 1.977,300, with the Bid unchanged at $0.715 and the Ask at $0.735.
Update, 3:56pm EDT, 5/3/05 The price bumps up a half-cent to $0.72, the Ask, while the Bid stays at $0.715 and the Ask at $0.72, while volume leaps to 1,967,100. On 419 trades at 3:28, there were 1,023,008 Buys led 1,742,122 Sells and 99,760 unidentified shares, so investor sentiment is decidedly positive and that is not reflected in the price.
Update, 3:52pm EDT, 5/3/05 With 10 minutes to go, we seem to be in suspended animation. Volume was unchanged for five minutes, but now it's up to 1,932,600 and the price has fallen to $0.715, the new Bid, and the new Ask is $0.72.
Update, 3:49pm EDT, 5/3/05 The Bid has moved up half a cent to $0.72 but all else remains unchanged.
Update, 3:48pm EDT, 5/3/05 All's quiet and unchanged: Has news leaked?
Update, 3:45pm EDT, 5/3/05 Even our half-cent gain is welcome given the JDA's confusing and impenetrable logic regarding the awards. We've got 15 minutes to go and volume of 1,897,400 with all indicators unchanged.
Update, 3:42pm EDT, 5/3/05 The Dow is down just 24 now, and ERHE is at $0.72 with volume pushing 1.9 million shares at 1,897,400. Bid is unchanged but the Ask is now higher at $0.725.
Update, 3:38pm EDT, 5/3/05 The volume climbs to 1,876,900 as the price sticks at $0.72, the Ask, and the Bid stays at $0.715.
Update, 3:35pm EDT, 5/3/05 The price slips half a cent to $0.72, with the Bid and Ask unchanged and the volume now 1,866,900.
Update, 3:31pm EDT, 5/3/05 Volume is 1,864,900 and the price is now $0.725, with the Bid and Ask $0.715 x $0.72.
Update, 3:29pm EDT, 5/3/05 Volume goes to 1,862,400 with the Bid falling to $0.715 and the Ask at $0.72.
Update, 3:27pm EDT, 5/3/05 Action slows dramatically with all indicators unchanged except volume, going to 1,837,400.
Update, 3:25pm EDT, 5/3/05 The price falls to $0.725, the Bid and volume goes to $1,832,400, moving half a cent down on 500 shares. Sensitive, sensitive.
Update, 3:22pm EDT, 5/3/05 The Ask slips back to $0.73 with price, volume and Bid unchanged.
Update, 3:19pm EDT, 5/3/05 The price goes to $0.73, the Ask goes to $0.74 and the Bid rises to $0.725 on volume of 1,831,900.
Update, 3:18pm EDT, 5/3/05 The Bid moves up to $0.725 on the Surge, with volume 1,827,600 and the the price still $0.72. The Ask sticks at $0.73.
Update, 3:15pm EDT, 5/3/05 The Ask improves to $0.73 as the surge arrives. Volume climbs to 1,827,600 and the price stays at $0.72, the Bid.
Update, 3:14pm EDT, 5/3/05 The price moves up to $0.72 on volume of 1,822,600; the Ask is unchanged at $0.72 and the Bid unchanged at $0.71.
Update, 3:11pm EDT, 5/3/05 All unchanged.
Update, 3:09pm EDT, 5/3/05 The Dow just turned negative, down 39, while we are unchanged at $0.71, with the Ask still at $0.72 and volume unchanged as the 3:15 Surge approaches.
Update, 3:07pm EDT, 5/3/05 The price and Bid drop to $0.71 and the Ask to $0.72 on volume of 1,820,200 shares.
Update, 3:05pm EDT, 5/3/05 Good news from the Fed - a modest hike - has taken a couple of cents out of the share price but done no damage. The price is now $0.72, the Bid, with the Ask unchanged and volume of 1,815,500 as the 3:15 surge approaches.
Update, 3pm EDT, 5/3/05 The Fed raises rates 1/4 percent and the price falls to $0.725, with the Bid at $0.72 ansd the Ask $0.725 and volume of 1,792,500.
Update, 3pm EDT, 5/3/05 Volume is climbing at 1,753,400 as the price falls to $0.73, the Bid, and the Ask slips to $0.74.
Update, 2:56pm EDT, 5/3/05 Just 19 minutes until the 3:15 Surge, and we remain at the high of the day, $0.755, up 0.04. That's an improvement of $4,921 for the ERHC On The Move portfolio of 123,040 shares.
Update, 2:54pm EDT, 5/3/05 Volume is 1,707,400 with price, Bid and Ask unchanged.
Update, 2:53pm EDT, 5/3/05 With a tenth of a cent spread, volume is 1,706,400 and the price once again up to $0.755, the day's high. The uid remains $0.754.
Update, 2:50pm EDT, 5/3/05 The price is $0.754 as the Bid rises to $0.754 and the Ask stays at $0.755 on volume of 1,704,400 shares.
Update, 2:48pm EDT, 5/3/05 The price is $0.75, while the Ask goes to $0.755 and the Bid stays at $0.74 on volume now of 1,698,800.
Update, 2:45pm EDT, 5/3/05 Volume is 1,691,400, while Bid drops to $0.74, price stays at $0.75 and Ask is unchanged.
Update, 2:40pm EDT, 5/3/05 The price is back to $0.75 as the volume climbs again to 1,676,300; the Bid stays at $0.74, while the Ask is unchanged at $0.75.
Update, 2:37pm EDT, 5/3/05 The price has slipped to $0.74, the Bid, while the Ask falls to $0.75 on volume of 1,670,900 shares.
Update, 2:36pm EDT, 5/3/05 Volume is 1,656,000 and the price still $0.75, the Bid, with the Ask unchanged at $0.755.
Update, 2:33pm EDT, 5/3/05 The $0.04 climb so far today has come on 350 trades and Buy volume of 940,828, outpacing Sell volume of 588,681 with 94,760 shares unidentified as of 2:10pm EDT.
Update, 2:28pm EDT, 5/3/05 We're back to $0.755 with Bid and Ask unchanged and volume of 1,644,500 shares.
Update, 2:25pm EDT, 5/3/05 With the 3:15 surge ahead and positive comments from PXD and Lusa, we're probably headed much higher. The price now is $0.75 with the Bid and Ask unchanged and volume of 1,637,100 shares.
Update, 2:19pm EDT, 5/3/05 Now we're at a new high of the day, $0.755, on 1,631,300 shares.
Update, 2:17pm EDT, 5/3/05 The price is at the new high of the day, $0.7510, and the new Ask is $0.755, while the Bid has climbed to $0.75 on 1,624,300 shares.
Update, 2:03pm EDT, 5/3/05 The price has ticked up to $0.75, the high of the day and the Ask, while the Bid stays at $0.74 on volume of 1,585,500 shares.
Update, 1:51pm EDT, 5/3/05 The price is $0.74, the Bid, and the Ask $0.75 as volume hits 1,581,000. That's a nice improvement since 12:30.
Update, 12:30pm EDT, 5/3/05 We are going to take a lunch break. Be back soon!
Update, 12:28pm EDT, 5/3/05 Bid, Ask, price and volume are unchanged.
Update, 12:23pm EDT, 5/3/05 The price has slipped to $0.72, the Bid to $0.715, and the Ask to $0.72 with volume hitting 1,342,300 shares.
Update, 12:22pm EDT, 5/3/05 Kobiashi has a cogent post addressing the perceptions with respect to the bid prices in the second round of JDZ licensing. It's worth repeating:
Ken, first of all everyone in this area of the world is quite familiar with the practice of palm greasing and I'm sure is getting some monetary consideration to make a stink for someone. Second, the STP public doesn't understand the difference between the highest bidder winning and the best bids when you take into account the financial ability to pay the sig bonus, fund the exploration, fund the extraction and transportation of eventual oil and gas and technical capabilities to do so. They're upset because they see companies that bid $175 million for a block not getting awarded the block. Like so many others on this board they fall into the trap of highest bidder should win, when in fact the company Conoil that bid $175 million and $150 million for Blocks 2 and 4 had a grand total of $260 million in revenues for 2004. There is no way they could pay 325 million sig bonus upfront, and then pay for exploration and extraction anytime soon. But, the general public doesn't get it. ERHC with its partners is sitting on $2.7 billion cash, $12.4 billion in yearly revenues and around $3 billion in free cash flow. So who do you think can pay an upfront sig bonus, pay for exploration and extraction and has the technical capabilities to win exploit the oil? I'd go with ERCH with its partners over Conoil anyday of the week.
Update, 12:16pm EDT, 5/3/05 The Bid slips to $0.715 as volume climbs to 1,322,300 shares; the Ask stays at $0.725.
Update, 12:12pm EDT, 5/3/05 It's the close of the business day in Abuja and no awards announcement has yet occurred. One holdup is approval from the National Oil Council in Sao Tome, but it appears the results are nonetheless cast in stone, with ERHC perhaps winning 3 blocks and all their option rights. Price, Bid and Ask are all unchanged with volume at 1,319,000.
Update, 12:09pm EDT, 5/3/05 This morning's bomb threat that has evacuated Miami Edison HS is the third at Miami high schools this morning. The price is $0.725, the Bid has moved back up to $0.72, and the Ask remains at $0.725 on volume of 1,313,300 shares.
Update, 12:05pm EDT, 5/3/05 The price has slipped back to $0.72 and the Bid has slipped to $0.715, while the Ask stays at $0.725, and volume climbs again to 1,311,300.
Update, 12pm EDT, 5/3/05
At noon, volume is still climbing at 1,301,300, and the price has fallen half a cent to $0.72, leaving us half a cent ahead on the day. The Bid and Ask are $0.72 x $0.725.
At 11:47 on ADVFN's 15-minute delay, Buy volume is far ahead of Sell by 693,037 to 525,355 and 40,360 shares unidentified on 272 trades. Some 32 of the last 40 trades were Buys.
Update, 11:56am EDT, 5/3/05
Volume nears 1.3 million at 1,294,500, a substantial improvement over yesterday.
Update, 11:53am EDT, 5/3/05 The price fell back to $0.72 at 11:51 but quickly recovered and stands at $0725, the Ask at 11:53, while the Bid remains $0.72. Volume is 1,284,500.
Update, 11:50am EDT, 5/3/05
A new article from Lusa has been posted by stockhocker70 on the Raging Bull ERHE message board and it puts a different slant on the Block 4 issue, suggesting that perhaps the effort to award it to ERHE was stopped by someone. The issue is, as the Vitrina article said yesterday, "unclear." Here is the new language:
Portuguese state radio RDP Africa reported last week that delays in announcing the results of the latest licensing round were the result of attempts to disqualify some bids in favor of firms with Sao Tomean leaders as shareholders.
Volume is 1,264,300 and price, Bid and Ask are unchanged.
Update, 11:45am EDT, 5/3/05 With 1,247,500 shares traded at 11:45, we are up a cent for the day. Bid and Ask are $0.72 x $0.725, and price is $0.725.
Update, 11:43am EDT, 5/3/05 Our friend Phil Nugent's GEECF has slipped $0.08 to $0.62 this morning on just 54,000 shares. Phil is a major ERHC Energy shareholder and has great taste in pecan pralines!.
Update, 11:40am EDT, 5/3/05 The price is $0.725, the Ask, as volume climbs again to 1,240,800 shares. The Bid stays at $0.72.
Update, 11:36am EDT, 5/3/05 The price is $0.725 as volume hits 1,217,700 shares. The Bid is now better at $0.72.
Update, 11:27am EDT, 5/3/05 The price improves to $0.725, the new Ask, as the Bid moves to $0.715 and olume hits 1,167,600 shares.
Update, 11:23am EDT, 5/3/05 The price is $0.72, the Bid $0.715 and the Ask $0.72 on volume of 1,157,600 shares.
Update, 11:16am EDT, 5/3/05 We're trading in the middle of a $0.059 price range. Given the statement by Pioneer that they expect to win Blocks 2 and 3 with ERHC and Lusa's comments regarding our victory in Block 4, the price makes little or no sense below a dollar. Now the price slips to $0.715 again, the Bid, and the Ask falls to $0.72. on volume of 1,120,600 shares.
Update, 11:13am EDT, 5/3/05 Bomb threat at Miami Edison HS. The price moves up to $0.725, and the Bid rises to $0.72; the Ask is better at $0.725, and volume is now 1,106,600 shares.
Update, 11:11am EDT, 5/3/05 The price is at $0.72 as the Bid moves up at last to $0.715 and the Ask stays at $0.72. Volume is 1,066,900.
Update, 11:10am EDT, 5/3/05 ERHC On The Move had 3,888 visitors (our second-highest day) and 77 clicks yesterday but we made just $6.36 due to the low-pay ads. Things are looking better today.
Update, 11:05am EDT, 5/3/05 The price moves up to $0.72 and the Ask up a tenth of a cent to $0.702. Volume is is unchanged, as is the Ask.
Update, 11:03am EDT, 5/3/05 The price falls to $0.71 with the Bid and Ask unchanged. Volume is 1,063,900, climbing steadily.
Update, 11:02am EDT, 5/3/05 The Ask moves up to $0.72, as the price stays at $0.715 and the Bid at $0.701. Volume is 1,038,400.
Update, 10:59am EDT, 5/3/05 The price rises to $0.715, the Ask, as the Bid hangs out at $0.701 and volume hits 1,026,400.
Update, 10:52am EDT, 5/3/05 The price is $0.701 after hitting $0.715 briefly about two minutes ago, and that is the new Bid, with the Ask unchanged at $0.715 and the volume $1,026,000 shares.
Update, 10:52am EDT, 5/3/05 Pioneer has mounted a conference call this morning that suggests it may win Blocks 2 and 3 with Denopn Energy PXD's partner, ERHC:
The Company continues to expand its offshore exploration program in West Africa. Pioneer was awarded acreage in Nigeria Block 320 and is awaiting government approval on Nigeria Block 256 and the potential award of two blocks in the Joint Development Zone between Nigeria and the Democratic Republic of Sao Tome and Principe.
Update, 10:47am EDT, 5/3/05 Volume hits 1 million and the price stays at $0.70.
Update, 10:46am EDT, 5/3/05 Volume has been swift and sure this morning even as the price has jumped back and forth with amazing volatility. Months ago, it could take a million shares of volume to move the price one cent; today it takes just 1,000 shares. At 10:45, the price is $0.70, the Bid, and the Ask has risen to $0.715 on 994,547 shares of volume.
Update, 10:43am EDT, 5/3/05 Volume is 960,347 with the price at $0.70, the Ask, and the Bid unchanged.
Update, 10:38am EDT, 5/3/05 The bid slips below $0.70 to $0.697, and the Ask falls to $0.70, as volume hits 872,710. The price is $0.697.
Update, 10:36am EDT, 5/3/05 Volume is 840,710 and climbing with the price at $0.70, the Bid to $0.70, and the Ask $0.705.
Update, 10:34am EDT, 5/3/05 Volume hits 838,210 while the price goes to $0.705, off $0.01. as the Bid stays slips back to $0.705, and the Ask slips at $0.71.
Update, 10:30am EDT, 5/3/05 Volume nears 800K at 785,890, climbing steadily; the price is $0.705, the bid $0.705 and the Ask rises to $0.72.
Update, 10:27am EDT, 5/3/05 The price slips to $0.71 and the bid to $0.705, with the Ask at $0.715 on volume of 776,890 shares.
Update, 10:26am EDT, 5/3/05 Volume hits 760,789 as the Bid slips to $0.715 and the Ask to $0.72.
Update, 10:23am EDT, 5/3/05 The price slips to $0.725, the Bid to $0.72, and the Ask falls to $0.725 on volume of 728,569 shares.
Update, 10:19am EDT, 5/3/05 Volume is 680,969 and the price $0.74, with the Bid at $0.725 and the Ask $0.74.
Update, 10:16am EDT, 5/3/05 The price is back to $0.74, the Ask, as the Bid slips to $0.725 on volume of 674,969.
Update, 10:14am EDT, 5/3/05 The price slips to $0.73 as volume hits 663,969. The Ask is $0.74.
Update, 10:09am EDT, 5/3/05 The price falls to $0.735, the Bid, as the Ask is unchanged and volume is 633,969.
Update, 10:08am EDT, 5/3/05 The price is $0.74 again and seems likely to settle there for the moment. The Bid is unchanged, and volume is 624,769.
Update, 10:06am EDT, 5/3/05 The price slips a half-cent to $0.735, the Bid, then moves to $0.74 and back to $0.735, and the Ask is unchanged with volume at 619,769 shares.
Update, 10am EDT, 5/3/05 The price moves to $0.74 as 10am arrives, with the Bid and Ask unchanged and volume for the first half-hour is unchanged.
Update, 9:58am EDT, 5/3/05 Volume has reached 632,519 as the price hits $0.735, the Bid and the Ask stays at $0.74.
Update, 9:54am EDT, 5/3/05 The price is $0.74, the Ask, and the Bid rises to $0.735, on volume of 610,862 shares.
Update, 9:51am EDT, 5/3/05 The Ask jumps back to $0.745, then slips to $0.74, and the Bid rises to $0.73, the share price, on 606,862 shares of volume.
Update, 9:49am EDT, 5/3/05 Volume is 570,862 as price slips to $0.72, the Bid, and the Ask remains unchanged a $0.725.
Update, 9:44am EDT, 5/3/05 The price falls to $0.72, the Bid, and the Ask to $0.725, on volume of 558,875 shares.
Update, 9:42am EDT, 5/3/05 The price is $0.73 as the Ask rises to $0.745 and the Bid goes to $0.74.
Update, 9:40am EDT, 5/3/05 The price jumps to $0.74, the Ask, and the Bid goes to $0.73 on 451,875 shares.
Update, 9:39am EDT, 5/3/05 The Bid has risen to $0.725 while the Ask is unchanged at $0.729 as volume kicks up 419,885 shares.
Update, 9:36am EDT, 5/3/05 Share price is now $0.729, the Bid $0.715, and the Ask has risen to $0.729 on 311,385 shares.
Update, 9:35am EDT, 5/3/05 The price ticks up to $0.70, the new Bid, and the Ask improves to $0.71 on volume of 256,585 shares.
Update, 9:32am EDT, 5/3/05 The share price opens at $0.60, and the Ask then slips to $0.699 as the price goes to $0.70. Now the price is $0.695, the Bid and $0.699 is the Ask on opening volume of a large $191,272 shares.
Update, 9:28am EDT, 5/3/05 The Ask falls to $0.695 while the Bid remains unchanged with a minute to the opening bell.
Update, 9:26am EDT, 5/3/05 The Bid goes lower to $0.69, and the Ask falls to $0.70.
Update, 9:15am EDT, 5/3/05 The Ask has fallen to $0.72, while the Bid remains unchanged at $0.715.
Update, 9:14am EDT, 5/3/05 The price from yesterday's close is $0.715, the Bid, and the Ask is $0.729 in the minute to go before Bid and Ask are repositioned.
24 comments:
These two minute price updates are really goofy. What value do you think you are providing?
This is a service provided for many years before the advent of electronic or Internet-based tickers. I tallows interpretation and more specificity. So it is an old-fashioned utility adapted to modern times. Many readers write into say how much they appreciate it.
Thanks for all your work Joe. I appreciate all the effort.
I agree - really nice job and helpful to see the progression.
Joe-It's a stupid idea and a waste of time and space.
Joe ..Great job... The people who are negative are just Ass h---es
If they don't want to read then they have that option..Keep it up
JOE!! HURRY BACK FROM LUNCH!! I HAVE NO IDEA WHAT THE PRICE IS!!1!
Joe - I don't how or why you take the abuse by these fools. If I were you, I would disable the comments section. Serves no purpose. Let these idiots keep posting their dribble on RB. Your doing a good job with the updates -keep it up!
I don't post on RB - cause it is a cesspool - but honestly - the sheep that fall for all these con artists and their "inside" info is hilarious. Anyone who can't see that Specualtor, OrangeandWhite and all the other scam artists that are claiming to have special "Contacts" - don't deserve to have a computer, let alone be allowed to invest in a stock!
It really would be entertaining - if it wasn't so sad.
A bunch of liars and cheats and round and round it goes - these guys are laughing their azzes off at the sheep!
Anyway - someday, longs on these BB stocks will learn that they are their own worst enemy!
I agree that most of the time the longs are their own worst enemy. They make it easy for the bashers to have a good time thats for sure.
They look like fools with their minute by minute obsession over this stock.
Last week was a perfect example. They started acting like it was a certainty that award news would be out last Monday or Tuesday. When others disagreed and said it might be a few weeks they act as if you are a basher.
So in sum the longs make absolute fools of themselves on a regular basis. Having said that I chalk it up to irrational exuberance.
I believe Mark and Swing and Speculator. Mark usually posts the contact info so anyone can call to verify. So I have to disagree that they are perpetuating a scam. That is not the case. I think they are well intentioned its just that the situation is constantly evolving so their sources usually end up being wrong.
As for the bashers. They are more malicious. They are borderline criminal. They are not well intentioned. They are purposely trying to lye, manipulate and decieve.
So we are talking about two different things here.
How do you interpret this statement from pioneer:
"Pioneer was awarded acreage in Nigeria Block 320 and is awaiting government approval on Nigeria Block 256 and the potential award of two blocks in the Joint Development Zone between Nigeria and the Democratic Republic of Sao Tome and Principe."
as Pioneer "expects to win two blocks"?? Quite a loose interpretation...
Has anyone ever tried picking up the phone and calling the company for information? Usually in a long group, there are a few that keep in contact with the company- and although the company can not issue insider info - they can give some type of update and provide some useful information. Surely folks that have been in ERHE as long as some have, would have some repoire with someone at the company? No?
Instead - people go to secret rendevous meetings in a bar! I got a white jag - I'm the one with the tupee! And then there is the guy who shows up un-invited, and picks up the check - hilarious and classic....the horse fodder rolls on and all are willing to back the source of horse fodder!
"While sitting in my brokers office this morning - LMAO at how I manipulate the sheep! I found out something that NOBODY can find out - Chrome bought 1 million shares of ERHE in the open market - but to make the story sound believable - I will call it 923,001 and a half! LMAO"
As for the bashers, no better then the pumpers. Each side has an agenda on a message board! The truth lies in the middle somewhere though.
Be Well....
Perhaps if you would do as you say, you would not have to ask such questions. Do you have a working telephone? If so, use it...
BTW, I don't wear a tupee.
SH70
Joe I have been on here defending you most of the week but then you go and make assinine assumptions like the one you made today and make both of us look like fools.
So how is it that you interpreted the Pioneer CEO's comments to mean they won 2 block awards??
That is absolute nonsense. That is not what the CEO of Pioneer said. Your interpretation of certain events is what gets you into trouble.
Just like yesterday when you interpeted Mutwidadi's comments to mean block awards by Friday. That is not what Mutwidadi said.
No Tupee? Maybe a fake mustache then during your secret meeting! LoL
I don't need to call - just swing the crap out her and continue to be amazed about long boards on RB. It is by far my best leading indicator! LMAO
PS - if the awards eventually do come true to any degree of success - I hope I'm in. Otherwise, I will hitch a ride if she decide to go up! If they fall apart, I hope I'm out!
Your a typical short term trader. Arrogant and happy over a 10% gain.Big deal. Im not impressed. Not to mention the taxes you have to pay due to no long term capital gains.
I would rather hold long for a 10 bagger than sit around and gloat over a 10% profit. Traders are pussies as far as Im concerned. Snot nosed ones at that.
They have no foresight or balls to make real money.
Oh yes - the hold and pray theory! I've heard of that. How's that working out? LMAO - Seems to me, this stock was at .90 or better a year ago or so. Hmmmmm - now at .70, a few months ago at .20.
Let's do the math - 8 or so round trips of 20% to 40% gains - hmmmmmmm - yep, my family eats.
Actually thought of holding this one a bit, but then I checked my leading indicator - RB - and went straight back to trading it.
No hold and paying here. And arrogant? Not really. Opinionated perhaps......Happy? - as long as I'm not a bagholder or dreamer. Check the CMKX board for that. Or about 2000 other long boards,(take your pick) where holding, hoping and praying goes on relentlessly and longs victories are mostly short lived, cause they Never sold. That's the greed part of human nature. The lottery ticket theory.
And name calling? Hmmmmmm, what are you insecure about that you have to resort to name calling and derogatory comments? A bit frustrated are we? not nice.
10 baggers are few and far between and never seem to work out for large groups of longs. I hope this one does work out for you folks though - it's a great story!
Be Well
I have plenty of 10 baggers. TGA for one. Have you ever even heard of the stock? Probably not. Because you have no foresight.
I bought TGA at .48 and its at $5.15 now.
I bought ERHE at .50 and expect it to do the same.
Meanwhile you will be telling all of your friends how you made a 20% gain in your portfolio for 2005. Big deal. I am not impressed. Traders are pussies plain and simple.
If you went long on a stock it probably would be hold and pray. Because you dont know how to to due diligence and you dont know the first thing about stocks.
For those of us who do know what they are doing its called a nice long term investment.
Good luck to you.
FOOL>
ROTFLMAO
Joe a new TeleNon article apparently is out.
Go to investor hub and it has been posted their by Prophetti.
Joe - not sure why you deleted my post - better left unsaid anyway. This guy talks of pussies - my guess is he has one! LMAO
Longs always remember or point to their one big win. Lottery ticket mentality! What other bags did you or do you hold - a little PCBM and maybe a bit of ENRON - ROTFLMAO-
Piss off Douche Bag!
Hey its Mr. 2% return......
Wow Im really impressed......
NOT!!!!!!!
ROTFLMAO
Hey little trader......
You are a little girlie man.....
You probably walk around in diapers.....
With a little spoon of Gerbers in your mouth.......
YOU BIG BABY
Hilarious!
Glad I'm not in today though.
More scandal and drama. Nice retracement from my exit at .86 Ahhhhhhhhhhhh
How's that 10 bagger doing? What happens IF EHRE gets completely dissqualified from any awards due to corruption? Does the 10 bagger thing work in reverse too? LMAO
Hey Sally: How's that good DD working out for you? LMAO
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