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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: John Doyle who wrote (32938)10/8/2003 8:20:50 PM
From: Jane4IceCream  Read Replies (1) | Respond to of 36161
 
DROOY...thats a good question. Its currently in a good pullback area based on recent activity/charts but I want to see if it holds here first. Trouble is, there are more variables involved with these shares because it is a metals play and it is South Afrikan so you have additional issues with striking miners and the Rand.

Watching DROOY...

Jane



To: John Doyle who wrote (32938)10/8/2003 11:06:29 PM
From: jrhana  Read Replies (1) | Respond to of 36161
 
South Africa is slowly but surely Nationalizing their mines

Investing in South African miners (as opposed to ST trading) is not really a beneficial process

This is a widely ignored phenomenon but it is real none-the-less

I used to post and show the data but it all fell on death ears-so I became bored and everyone who read my posts became bored and so why bother and I was sounding like the broken record

Drooy is underperforming for a very good reason-The same reason that Newmont (Pierre Lassonde) has a very strict corporate policy to avoid South Africa. There is no future there.