Ridge's directors are buying!

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ad1967mc - Fri, 23 Dec 05 :

Goliard,

What's there to say? I always knew that TW would buy, except that this time he played a blinder. Sentiment in RDG has been poor for so long, that every bit of news and subsequent price rise has met selling. By waiting a couple of days, he allowed the MMs to drop the price on little volume and picked up 100k cheaply. Better still he kicked the sellers where it hurts. One day sentiment will change and people will start aggressively buying the dips instead of selling the rallies. The chart action already shows some of this, such as the support that makes up the bottom of the bullish falling wedge formation. How long it will take for the more positive technical picture to change sentiment remains to be seen.


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