Energulf Resources Inc. ENGFF

Don''t worry, be happy

[travelnutter]

I mentioned earlier today that we would likely see a sideways day again with low volume. That's what we have so far. Traders have tried to push the sp down to a level that they can buy into with prospects of good profit once NR public. No need to panic unless you want to fatten other's profits. Our support should be around 3.08, 3.19 is our pivot and our resistance is about 3.28. We'll stay inside those lines. I think we are 3.19 right now - good sign that sp will not be driven much lower. I think many will not want to go home tonight shorted or without shares but that is my opinion. I expect sp to rise slowly before day ends but if I am wrong and it drops, I will look at price very carefully around 3:30 pm and consider buying if the price gets close to 3.00. Remember, ENG is a speculative play, so if the pressure is too much then move on to something that pays nice dividends and go to sleep at night.