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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: mph who wrote (29190)	4/26/2002 11:40:13 AM
From: NW_Trader	Read Replies (2) \| Respond to of 59879

Hi mph, I've been watching DROOY. What do you make of the drop today? [Yesterday] Not as much as I should have, but survived. Expected a pull back in it and some others, but failed to track when the earnings report was due - generally don't follow company fundies for buy-sell decisions. Gold corrected a bit, earnings were out and the winding down of the hedging strategy DROOY was employing made is seem that other producers might be better plays - notice how GOLD, HGMCY and others gapped up and DROOY really didn't. I sold 1/2 trading shares when it dropped to 4.5 - rebought this am for a 35 cent discount - would like to buy HGMCY too, but want to keep a couple like it and AEM, AU, etc. available to short as hedge for occasional drops in POG. Watch POG, $GOX, XAU, HUI for sentiment - and the value of the Rand for the SA producers. Peace and Justice --- Patrick