nspolar, "For Drooy haters, now might be your big chance"
Big chance for what? To sell their underperfoming long position? Although I'm not a "DROOY hater" I don't seee any reason to buy this one when one can buy any of a number of other gold juniors that are doing well while DROOY lags well behind.
If you are implying this one is a buy, what technical reasons do you have to support it? Compared to other gold juniors(CDE, BGO, WHT, KGC, EGO, MNG, IAG, etc) DROOY's daily chart looks terrible, as it has been unable to generate any gains the last several weeks while the other juniors have all gone up. What technically leads you to think that DROOY will do better than the other juniors right now, and would thus recommend it to perform better than the others?
I think DROOY has been droopy for a good reason, and IMO it will continue to lag the others and not generate the gains that the trends on the others indicate might continue. Therefore, I'd put my money in other gold juniors and leave DROOY alone. For example, one could have sold his DROOY a month ago and bought 10X as many shares of CALVF, which is up over 50% since then. |
