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Though of the day

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Super Contributor
The Emperor mine of which DRD holds 78% is up 20% this morning in the land of Oz. If that spills over into Drooy tonight, u might just ask yourself why haven't you invested in the dog.
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5 REPLIES 5
Valued Contributor
wiz, weren't you a buyer of this dog at 650c after the last crash south? Maybe time to stop fighting the trend?
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Super Contributor
Fundamentals aside, I think DRD has turned up. Take a look at the divergence on MACD histogram on the daily chart going back to December 2006. Same divergence on RSI. I'd say it's good for a move to about 610. Personally wouldn't touch it, but the chart is interesting in an academic kind of way.
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Frequent Contributor
DRD sold Emperor last week. Maybe that's why it's up?
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Super Contributor
sounds to me like the opposite. the increase in emperor implies everyone is so relieved to have DRD out the picture. so doubt it would be positive for DRD. IMO only
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Super Contributor
According to the SENS today Emperor is still part od DRD but they got rid of the junk in Fiji. Hence I think the rally. The SA operations are making money with cost at around $520. So the sooner the get rid of all of Emeror the better!
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