Despite a healthy start in this morning's trading that saw the price briefly rebound to $0.41 on about 90,000 shares of Buys, a seller quickly took over and drove ERHC Energy down to $0.38 with Sells in lots as large as 94,500 shares. At 10:34am EDT, the balance stood at 139,000 Buys to 508,500 Sells, and the price was $0.38 after a a quick pair of 50,000 share Sells.
As usual, there is no explanation for the downturn, which comes after a notable 10 percent upturn in last week's trading, which came to a close on Friday with a $0.044 loss.
The best stance for traders right now is none at all. They should not buy or sell, and as demand weakens and the share price falls, remarkable opportunities to load up will emerge.
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