3SOF

I'm a little concerned that gold has bounced back to previuos weeks highs and DROOY hasn't followed, very very strange

Ji,
Disclosure, long DROOY until $2.25 +, & it'll be this year!

some background - DROOY is the DOG of the golds...They probably couldn't make money if gold goes to $1000...they are a mo-mo trade on euphoria & that is all...The euphoria will come & soon...Gold is going to $500+ & soon...nothing can stop it!...nothing! ( my opinion )

The gold chart says gold is going to $525 & DROOY will participate when the hords of public jump in.

Good fortune to U

willie

wow now there is a contradicting post if i ever saw one, you said ........hey probably couldn't make money if gold goes to $1000...    and yet you own shares...you bought it

starting to sound like a yahoo message board.........sorry if i have offended

Hi,
I own DROOY as a mo-mo stock & not on any fundamentals.  Their break even cost basis is well over $500 gold & is escallating every month.  They are horribly inefficient as gold producers.

But they can be a great mo-mo play on a trade

I often own horrible stocks ( fundamentally ) to take advantage of a mo-mo trade ( technically ).  I see no contradiction here from what I said.

By the way, ABX is probably the best fundamental gold stock with GG second.  I own them too for investment, along with RGLD

willie

Well, we're now ready to launch gold to $500...GLD chart & the triangle breakout adds confirmation to my conclusion.  Power trends building in ABX, GG, GLG...& should build for DROOY, CBJ, etc.

SLW is also a good pure silver play owned ( mostly ) by GG & markets GG's & others silver at a low fixed cost...worth checking out as silver starts it significant rise...

USGL.OB should prove a speculative winner since it is run by GG's prior 'brilliant' CEO

good fortune to all longs in the precious metals & silver

willey ( this time I'm spelling my 'post name' correctly )

Thanks Willy for your insite, I am still holding DROOY 39,000 shrs and watching Gold price, as you say looks very bullish, just emigrated to Thailand last few days got my internet up an running, have hotmail address if you'd like to share a few thoughts, I would be interested in your financial summary of DROOY showing the figures and explanation for your opinion earlier.


have msn email address......not hard to work out :-)

Hi,
Cliff Droke is an expert on DROOY & is one who analyzes gold & gold companies.  Even he has been dismayed at DROOY's inefficiencies.

http://news.moneycentral.msn.com/ticker/sigdev.asp?Symbol=drooy
...worthwhile for research on DROOY

I invest in ABX, GG, GLG, NEM, RGLD

I speculate on DROOY and others for the mo-mo trade coming very-very soon as gold heads up & tops over $500 & the public suddenly discovers it.  That's when I take partial profits in my golds & sell my speculative golds.

Good fortune to U

willey

Is DROOY still a play?....seems to be lagging behind lately.  Should it still participate in rally as gold advances near $500?

On my filtering of the market today I got 3 South African gold companies, they were HMY, GFI and DROOY. They all rose about 5%, but DROOY was the one that rose the most. Also, its market cap is much lower than HMY's or GFI's, because the company has many inefficiencies producing gold.

I think this rally on south African stocks, despite gold's recent weakness, is due to the strength in the USD, particularly against the South African Rand, as you can check on the chart below.

I think DROOY will give a quick 10 to 20% return here. I'll buy it at today's open for the 3 Stocks on Fire Portfolio.

Hi, I don't think that DROOY is a good pick. It is clearly in downtrend as shown in the chart above.

The gold index is also in down trend and may have short term bounce back because its over-sold technical indicators.

Check the three-year gold Index chart below:

I'm not against into 3SOF picks but, I agree with shawfund... i'll pass for now for DROOY

Promising day in South Africa

Quote from: shawFund on November 10, 2005, 10:29:05 AM
Hi, I don't think that DROOY is a good pick. It is clearly in downtrend as shown in the chart above.

The gold index is also in down trend and may have short term bounce back because its over-sold technical indicators.

Thanks for your comments shawFund, I respect them.

DROOY build support at $1.21 (3 touches), and now there's a fight between that support level and the descending trendline. You're right, the stock is still in a descending trend, and probably I should wait for it to break the descending trendline on the upside before I buy.

But, I think I may have some macroeconomic advantage here. Everybody now is thinking gold will go down because of the strength in the US Dollar (and gold indeed went down). But I know that the main problem with DROOY isn't so much the gold price, but the Rand price.

So, people may be selling DROOY because of the fall in the gold price, when they should be buying DROOY because of the fall in the SA Rand (the company has its revenues in USD and costs in Rands, if the USD rises against the Rand, revenues go up and costs go down in USD terms).

I got my fundamental reasoning to guess bulls will win this battle against bears. Bulls will be winners if the stock closes above the descending trendline, which for today stands at $1.36. Bears will win if the stock closes below $1.21.

If bears win I don't have any problem admitting my mistake, taking the small loss I would need to take.

So, the trading plan for DROOY is simple:

Hold the stock unless it is set to close below $1.21.

(Thanks for that nice chart for DROOY trading in South Africa Dwer, that breakout is a good sign  )

Dave, do you or anyone else have any idea what this guy is talking about? Whatever it is, it sounds good for sure if it's not B.S.

http://www.ttrader.com/mycharts/display.php?p=37197&u=nspolar&a=nspolar\

Dave, I've been quite successfully trading in and out of Drooy since first time you bought. I'm currently a bit too overweight in it right now, actually quite a bit overweight, and meant to lighten some at close, but got tied up with something else. Late on Fridays the price tends to go higher than it should and Monday will likely fall back a bit, at least at the open, IMO. Any idea when earnings come out? THNX

Quote from: David Randolph on November 10, 2005, 07:03:45 AM
I think DROOY will give a quick 10 to 20% return here. I'll buy it at today's open for the 3 Stocks on Fire Portfolio.

Up 9%. Is the man a genious or what???