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Re: Andy R post# 16345

Monday, 07/10/2006 11:45:12 AM

Monday, July 10, 2006 11:45:12 AM

Post# of 19037
Well I only have DROOY LT in a few accts and so far I've only been holding very ST. I've made far more money in DROOY the past year trading vs holding so it'll probably be the case again, but relatively speaking it's one of the cheaper producers out there. They've continued to migrate/diversify assets/production out of SA and Gold in Rand terms is quite profitable for them here and I expect it could get more so. LT for me w/DROOY might just be 1 year vs NG I think I could hold the next 5-10 and do very well. There are certainly much better issues than DROOY, but at the right price almost everything is attractive to me. I also like the liquidity here as a trader. Staying w/liquid issues for the most part until seasonality and TA are in our favor again. I have been selling some of the shares at 1.40 and above recently though as I expect a pullback again hopefully to 1.30 or less again.


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