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Encore Renaissance Resources Corp V.EZ



TSXV:EZ - Post by User

Comment by 889900on Sep 27, 2009 12:27pm
271 Views
Post# 16341987

Hang on to your shares...

Hang on to your shares...Might take time to get to a new 52 week high, considering the volume and  factoring in the penny flippers who were in full force last week. There are still allot of investors holding 5 cent certs who can easily be shaken into selling by a little price manipulation.
Take a dime for an example,  you could  pick up over a million shares for $100,000, wait out for 0.005 price increase and sell for a quick $5,000 profit........not too shabby paycheck for a few hours on a computer. Just think of the coin that was made while we were stuck in the nickel range.
Hopefully they go away as the share price increases, but they will fight that increase, as it is more cost effective under a dime. I hope I'm wrong, but I expect to see heavy volume Monday with limited price movement. News is getting out, but too many too willing to sell too cheap!
When you look at  the Bonaparte and the eminent cashflow............share price should be double these levels.
The good news is that  new shareholder will be more reluctant to part with their shares at these low prices, sending it higher, and those that ride it out and don't sell will be rewarded.
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