The person or group that is orchestrating the sale of hundreds of thousands of shares of ERHE has not been able to bring the price below yesterday's close despite being responsible for the largest blocks traded today, including two 50,000-share Sells.
Only 70 trades have occurred today (including some that were counted as multiple trades), and following a 50K Sell at 12:20, the Bid price moved down from $0.40 to $0.395, where it has stayed. Seven trades of 300, 600, 10,000, 500, 800, 8,500 and 2,000 (at 12:59:42) since then were at $0.40, the Ask, and were all recorded as Buys.
At 12:53, with no delay on ADVFN now, there have been 264,859 Buys and 328,675 Sells, with just 250 shares unidentified (Trade definitions are based on the mid-price and are indicative only).
At 9:45 in the largest single block recorded today, the persistent seller sold 50,000 shares. The 11th trade of the day went off at $0.40.
Update, 6:45pm EDT, 7/19/05: Late in the day's trading, there were about 15 Buys in the last hour and a half totaling 125,010 shares, as opposed to just two or three Sells, and for the first time in 27 days, the share price closed in the green, up one-half of a cent at $0.40.
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