ERJ - Enerji...

ERJ - Enerji LTD

http://www.asx.com.au/asxpdf/2009061...h32hjgn660.pdf

http://www.asx.com.au/asxpdf/2009070...r5p81v32s0.pdf

I first mentioned Enerji Ltd on another site on Tuesday the 14th.

Today when I saw ERJ on offer at just 8.3c I couldn't resist buying some myself, and accumulated the stock from 8.3c to 8.6c during the day.

I'm pretty excited about the potential of my purchases and what I believe could be a fantastic entry with awesome price leverage.

The Market moves in waves of high volatility and high volume ------> Low Volatility and Low Volume and then cycles back again.

What is most exciting about this stock (for me anyway) its the tight price bar range this week and low volume selling. i.e low volatility & low volume --> the perfect environment for break outs.

I think sellers are few and far between now and hold little stock individually, it took quite a lot of little sell orders through out the day for me to build a fairly average holding.

I think this is a great Buy below 9c, a private placement at 8c was under heavy demand from what I hear, there should be a good zone of support around this level.





Can you see what I see?