I remember you saying that, and I wish I had sold at $8 like you did. I could have doubled my shares at today's prices. Thanks for the input you have brought into this thread (and back in the penny stock thread). You and IG always brought good info and thoughts on ERN. I reckon you won't post as much now with a smaller stake, but I'll appreciate anything you bring to the table.

I don't want to jinx us, but I think the mass selling has come to an end, at least for today and hopefully for this trend. Volume is close to yesterday's levels, but it has slowed down, and the price seems to have stabilized. 5 day RSI has dropped to about 12, indicating we are really oversold. I'm not a technical guy by any means, but I can't help but think we will see things turn around soon. We'll see tomorrow morning, I reckon.

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Posted by GenesChin

The Promise Land

Member since Feb 2012

37708 posts

Posted on 6/16/15 at 1:07 pm to Omada

It has more to do with the time investment. This is a busy part of the year for me and I don't have the time to do real leg work, even for an amateur.

ERN still has potential but as we have seen, it is far from a sure bet and there is a lot of risk involved. It is like when your NFL team picks a "project" in the 1st RD. The talent is there but as a fan, how much do your trust your coaches to turn that talent into production?

From SEC filings/reports, ignoring potential fraud, the oil is there. How much do you trust management to be able to turn oil into money?

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