DROOY

[shawFund]

Hi, I looked at the gold index.

It formed an ascending trendline, KD(18,5) is in oversold, KD(5,3) is in higher-lows.
So, it is short term bullish and may test the year high of 250 again.

All points to a short term bullish.

So,buying DROOY may be a good pick and I will buy it tomorrow but keep a close eye on it.

[David Randolph]

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

That man is talking about Elliot Wave theory, which is great to describe charts and the past, but not so good about predicting the future. Anyway, the chart fits the general theory that a wave 3 (the largest of all) is probably unfolding now.

If you are too overweight DROOY probably you should sell some, money management is more important than making a lot of money on a specific trade. Because to get rich you need to pursuit the discipline of always respecting money management rules, a single trade won't make you rich over the long run.

I don't know when earnings will be out 

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???

Lol, usually I'm a bit afraid when someone tells something like this, because when a trader is considered a genius usually he's on the brink of collapse, but thanks irod !

Once I made, what, 100% in a month trading futures for a client of mine, and he was so glad that called me giving congratulations, that I was the best, you know, he was flying. I told him: «calm down, never praise me again, I don't want you calling me stupid when I lose».

As a speculator, one should be always equal. Not very happy when he wins, and not sad when he loses. Always keep emotional balance. You're the same man, either you earned $10,000 or lost $10,000 on that trading day. Your family shouldn't even notice if you win or lost on a given day.

I'm not a genius when I win, and I'm not a moron when I lose. The same man.

DROOY closed right at the resistance level. Bulls didn't win yet. Perhaps there will be some pullback today as BigSully1 says, I don't know.

But I think DROOY will break the ascending trendline on the upside, not $1.21 on the downside. I'm considering taking about a 15% profit on this one if I have the chance. That would be something like $1.50.

[irod]

Thanks for the insight David , you're right. Don't read too much into what I said though, I just get excited when things go good for us. Don't worry, I've been down when you're down and up when you're up. It's all a nice dance-like balance, and the most important thing is how much I've learned here thanks to you and everyone else. Keep up the great work!

[David Randolph]

Thanks a lot irod  :

What a nice white candle DROOY made yesterday, and volume, wow, almost 6 million shares traded. I don't know guys, I've entered this for a quick 10 to 20% profit, but the chart is getting too pretty for me to get out now. Maybe a push to new highs above $1.66? It sure looks like it !

So, I'm not selling anymore at $1.50, instead I'll let the profits run.

[David Randolph]

Perhaps it is the strength in the US Dollar versus the South African Rand that is helping DROOY, I don't know, but the stock is turning decisively bullish.

I'll continue holding it for the foreseeable future.

[David Randolph]

On my filter today all I could see was gold, gold, gold 

DROOY took off first than all the others, so she's the leader ! It's amazing how gold rose 10 bucks yesterday with the recent strength in the US Dollar. No reason to sell DROOY here, this advancing phase is just starting, I'll continue holding.

[David Randolph]

It looks like there was one reason to sell, to take nice short term profits 

I first bought DROOY for a quick trade, but as one rule says (no time to look for the number), every trade starts as a short term trade, but good ones are long term.

There were some fundamental shifts that favour DROOY:

1) The US Dollar kept on rising;
2) The Gold Price shot up to new 17 year highs 

So, I must conclude yesterday's action on DROOY was just profit taking and higher prices are to be expected. Therefore I'll continue holding DROOY.

[David Randolph]

I should have kept my initial plan. I could have got a nice 15% profit in just 3 or 4 trading days. Instead I'll take just 9 or 10%, selling DROOY today.

On my initial recommendation post I justified my position with this:

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 also said the Rand price is more important than the gold price for DROOY. And the Rand is coming back against the US Dollar, that is, the Dollar is once again losing value against the South African currency.

So I'll take profits in DROOY at today's open.

[dhiraj19]

Can anyone give analysis on DROOY? Today it went up 2.01 and then retraced back to 1.81

- Dhiraj

[dhiraj19]

My correspondence with DROOY's IR.
- Dhiraj

Hi

I cannot answer that, we are in a closed period as the quarter ended 31
December 2005, so we are not allowed to disclose any information
individually.

Kind regards

IDG

-----Original Message-----
From: dhiraj sehgal [mailto:[email protected]]
Sent: 21 January 2006 04:36 PM
To: Ilja.Graulich
Subject: RE: DROOY's last quarter's result

Hi Ilja,

I appreciate your prompt response. May I ask how does the production
numbers
look for last quarter compared to previous quarters? After reading last
published reports, many DRDGOLD mines had many problems in 2005(natural
and
labor). Have we been able to recover from them? Also, what is the
quality of
gold which Drdgold mines produce?

Thanks,
Dhiraj

--- "Ilja.Graulich" <[email protected]>
wrote:

Hi
Our production results for the quarter will be released on 30
January,  financial results for the 6 month to end December will be released on
23 February.

Kind regards

IDG

-----Original Message-----
From: dhiraj sehgal [mailto:[email protected]]

Sent: 21 January 2006 05:29 AM
To: [email protected]
Subject: DROOY's last quarter's result

Dear Ilja,

I am current shareholder of DROOY listed on American stock exchange.
I  would like to know when can we expect the company to release recently
ended quarter's result? As six month ending results were released in
June 2005, is there possibility of full year results release
simultaneously.

Thanks,

Waiting for the reply,

Dhiraj

[dhiraj19]

Consolidating in the range of 1.8 - 2.0
- Dhiraj

[dhiraj19]

still stuck between 1.85 and 1.93... Earning sunday US time...( Monday SA morning 8 am)

[Melf Elf]

Can anyone give analysis on DROOY? Today it went up 2.01 and then retraced back to 1.81

Dhiraj.

I don't know if you're still interested in DROOY, but I'd say it has a good chance of going up at least 100% by mid-2007.

DROOY showed up as my first Metastock Explorer Wolfe Wave on February 16.  I ignored it because I didn't see how that could be a Wolfe Wave I still don't.

Yesterday morning, I decided to study the chart anyway.  Here's my take:

1. December 29, DROOY not only broke out above a Symmetrical Triangle, putting 1.95 IN PLAY, it also took out a year-long down-sloping neckline of a big Inverse H&S Bottom, putting 3.10 IN PLAY.

2. The 1.95 target MADE on January 20.

3. Recently, DROOY has been re-testing the neckline breakout (red down-sloping line), and has been holding.

Looks good. 

I bought it yesterday at 1.44.

DROOY was at BID 1.48...ASK 1.49 when I started this post.  It's now BID 1.54...ASK 1.55.
That's good.  The print of 1.55 takes out the February 21 high of 1.54.

Good luck if you're still holding DROOY.

[Melf Elf]

The print of 1.55 takes out the February 21 high of 1.54.

Here's the Hourly Chart.  The print of 1.55 gives us a "higher high."

[Melf Elf]

DROOY gapped down at the open, printed a low of 1.50, recovered to make another "higher high" at 1.63, and closed up three cents, at 1.58. 

Considering that gold stocks were mixed today, that was a good effort.  Holding long.