OTCPK:ERILF - Post by User
Post by
TheTyranton Mar 02, 2011 11:20am
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Post# 18218912
The Thaw to BMO iceberg is coming
The Thaw to BMO iceberg is comingThey demomstrate great support to show us that this is not a panic sell but one that they have made a decision to fix the price @ 8 cents.
Its fascinating the volume that has been buying this stock in the last 3 days and volume keeps creeping higher. I hope that BMO does not have the brains and raise the order to .085 or 9 were the buyers would still be buying but with the book value at 26 cents and if revenue reflected in the stocks value then 75 cents is realistic as this global recovery comes into play.
We could see this close higher today but for now we deal with the facts that long term buyers are taking large positions but indications from the market depth is that they are not buying this one to sell at a half cent higher.
Once this berg is gone I can see 15 cents within a day and higher off the news coming.