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Microcap & Penny Stocks : Environmental Remediation Hldg Corp. (ERHC)

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To: Marvin Mansky who wrote (26)7/16/1997 7:44:00 PM
From: GrnArrow   of 671
 
Marvin: Thanks for the update. It seems odd that we both called on the same day and got different information. Did you ask why there has not been a press release for the additional 176 wells? Also, did you find out if they were acquired for stock, cash, or both? And, if so, how much? I'm normally at work during the day, so I can't call whenever I'd like. Has anyone else heard this, or can anyone call and confirm it?

Quite a drop in price today. This is what i was afraid would happen. When the momentum players see the price stop going up, they start selling. There are probably still long-term believers with a 4-5X profit, and when they see the price going down, they are very tempted to protect their profits, hoping to get in later when the price dips. It'll be interesting to see if more buying comes in tomorrow, or if selling predominates.

Mike
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