The Awakening

[David_L]

It is good to see that DROOY ( DRD listed on NYSE ) has jumped with almost 9% today to 0.85U$. Mulitplied by R7.08 you get a stock price with a notch over R6. For me it is a great sign and proof that DRD growth is not merely driven by local sentiment, we are a small easy manipulatice market, but a larger re-evaluation of the true potential of DRD by the market in general. Things then still look rosy :)

[SimonPB]

DavidL, as I understand the DRD US volume si fairly slim and the logic si always that the price is set where the most volume is, so the JSE price is the real price. Certainly the last time this stock was a forum fav the US price indicated little or nothing most fo the time.

[DR_1]

Frank Black has also put this back on his list of stocks to buy. The details are at www.fsp.co.za DR

[Wizard]

The majority of shareholders is in the US(see company profile) and the volumes have been on the increase lately, both in the US and here.

[SimonPB]

wiz, sure thing. As per my point, exchange with largest voluem sets the price, the others follow.

[#6]

DROOY is not listed on the NYSE it is listed on the Nasdaq and the volume is overwhelmingly there - 4.5 million as opposed 2.4 million on JSE - this has consistently been the case....

[Wizard]

Grinding against the 100 EMA rock

[#8]

Yeah, noticed that too,This baby's flat-lining on intraday. Im keen to jump onboard but not feeling too happy about the TA. Possibly a pullback to rid itself of that overbought RSI???

[LogicNvest]

Chartist any thoughts?

[Wizard]

Yes the RSI is getting really heavy. I would say the correction will start next week.

[#11]

only thought is that nothing goes up in a straight line - after 30% up straight you need a break...

[LogicNvest]

Thanx, always appreciate your input.

[#13]

Drooy still going