ERN erongo energy limited

not much longer to wait

  1. 2,981 Posts.
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    To those on the last thread, next set of results due in August.

    If you have been in up to now, don't get out until you see the next results, at least. I was being influenced by a broker that Ern was ready to fall over a few weeks ago and now realise that they are also influenced by others on a stock. In other words they go by the same rumours we may hear.

    He has been proven wrong up to now, and have a look at some of the bids waiting to buy at 60c and 59c today. Plus look at accumulation that has been taken place over the last couple of weeks.

    Don't forget the day about 3 weeks ago, someone tried to test the market at 40c on ERNO by putting a million for sale prior to 10.00am and by 10.08am they were gobbled up.

    If ERN was so bad who the hell spends $400k in a blink of an eye, on a stock that looked like going south. Someone that may have some idea of the likely results, that's who.

    I was getting nervous a few weeks ago but the support shown at 60 and 40c for the last few weeks, confirms that the bigger players are waiting in the wings to take from the weak.

    Won't be much longer of waiting, one way or another.
 
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