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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (29994)	4/4/2005 10:05:23 AM
From: orkrious	Respond to of 110194

I haven't heard from him.

To: Pogeu Mahone who wrote (29994)	4/4/2005 3:43:54 PM
From: orkrious	Read Replies (2) \| Respond to of 110194

from heinz on droopy Hi Ork, i have recently bought it again...imo the recent lows are likely to hold. as for the article you posted about the water problems, well, i can't comment on the legal ins and outs - i simply don't know what the situation is there. but it strikes me as the type of stuff you hear near significant lows (where the news is always the worst possible). note that DRD has a very profitable non-SA division, and without the NW mines the SA operations are roughly break-even. so if one disregards for a moment the panic factor, there's little reason to jump ship at 80 cents imo. that said, i have a stop at 76 cents for the new position, and am already a few cents under water (i have been stopped out more times than i can remember from this stock). so i obviously am allowing for the possibility that i might be wrong about it AGAIN. but i note that inter alia, the Rand has begun to weaken lately, and chart wise it has imo room to fall a lot more. my feeling is that in the course of the troubles DRD has had with the NW mines and the negative sentiment surrounding all Rand based gold production , people have simply forgotten about the positive aspects of the company. imo there's likely far more upside than downside potential from this point onward (note that DRD's 'imminent demise' has been predicted countless times in the past...usually right at the lows).