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Online Share Trading

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Is DRD going down?

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Time to get rid of this? Any opinions?
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9 REPLIES 9
PaulC
Super Contributor
This is the most erratic gold share around. Im not sure why its gone down so excessivly, but what I can say is that gold is likely to come off or at least go sideways for a while and the gold stocks will likely succumb to profit taking. I wouldn't be surprised to see DRD hi R4. I will start buying again at that level. I think the question is are you talking shares, installments or SSF's? If you are holding shares and you are holding them long term I would personally not worry as gold is in a bull market and ultimately this will lift the gold stocks. That said DRD seems to have very little correlation to the gold price, simply overlay a gold to DRD price to confirm this. In short I believe it will go higher in time, how much time I have no idea.
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Wizard
Super Contributor
R3 is more likely where it might settle. Even that is not a guarantee at the moment! The SENS that came out yesterday was bad!
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Fredsed
Super Contributor
Busy morning on DRD, deep opening gap nearly closed, bounced from 350c to 410c on small size trades. Without some significant interest from here I would expect a retest of 350c more probable than much more upside.
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Wizard
Super Contributor
The down trend is still in play! Somewhere at some price it will make a nice solid bottom and then it will run up like a mad dog again..happens every time !!
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kwagga
Super Contributor
This time the dog will have to run on two legs only.
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Wizard
Super Contributor
After he's finished barking and chasing after cars..the dog always comes back home. and that is the 200EMA. I normally supercharge him on the return journey with the instalment.and we all happy in the end!
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Theater_Cat
Super Contributor
And Dr Clive Roffey was pro this share at 600c
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Quakedog
Super Contributor
Phone Roffey to buy them from you at 10 bucks!!!
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Kipper
Contributor
Oh yes, going down to 300c, long term support trend per my chart suggests. Precipitated by bad sens on monday, tripped my SL at 421c. I thought there might be a nice little upswing b4 the next downside drift .. wrong .. again!
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