Rock Ridge Resources, Inc. (RRRI)

[Montanore]

I recently owned shares in EDEX and started selling it in the teens. Why? because the price began slipping after it reached 20 cents or so and I wanted to lock in profit since I originally picked it up at just under 3 cents. Sure, they were due to announce drill results but a full week before that announcement, the price kept on dropping. I've seen this happen before and to me it was a very bad sign. It dropped a little day after day. Then the day before the results were to be announced the bottom began to fall out on heavy volume. Sure enough, the next day they announced there wasn't enough oil (only 6BPD) to make it worthwhile and the price crashed even more. Glad I got out when I did! In contrast, TNOG's price has been holding relatively steady on light volume which, IMO, portends good news. All weak hands are already out.

BTW, I still like EDEX and I'm hoping to get back in under 8 cents. (I missed my chance to buy it back around a nickel on the bad news day). They have some very promising prospects coming up in New Mexico.

TNOG may or may not have a gusher, but any news of oil will be great. Even if they don't have the oil it's not a huge deal because they have other promising leases and JVs in the pipeline. The bashers have got to be getting nervous!