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View Full Version : DROOY oversold and ready for a big bounce

TheChartGuru
12-06-2006, 06:51 PM
Oversold and ready for a big bounce. Get ready to load the boat

525

The Guru has spoken
deerhunter
12-06-2006, 06:59 PM
the guru never fails...
Malakas007
12-06-2006, 07:30 PM
I just picked up 1000 shares at .87 in afterhours. Where do you see this going to?
Svenwulf
12-06-2006, 08:34 PM
you know i had to chime in on this one!

i like the bounce play- anytime you get huge volume on a major correction imo your pretty safe. most of the golds were starting to go on sale yesterday afternoon- "this may take a few days."

just by way of disclaimer, drooy has bad political overhang. think of it to golds as hal is to oil services, except without the solid biz aspect. imo it is a hated stock. s africa is a tough place to make money with the shiny stuff, but hmy just turned it around (that was a nice trade)

just some quick fundie because i know guru is strictly a charts man. always do your due!
englishman26
12-06-2006, 09:54 PM
Yes - drooy is financially and politically the worst gold stock out there! Doesn't mean it isn't going to bounce big soon but it might not be ready just yet. Don't catch falling daggers. Wait for the move. I'm going to be away from my computer tomorrow and friday so I won't be able to react. Hopefully it'll wait until monday for me!
Luc1Grunt
12-06-2006, 09:59 PM
It's on the watch, but this thing will bounce on technicals only (and those buying the self-fulfilling prophecy.

Good call TCG, if it starts to run on big vol., we have a winner.
TheChartGuru
12-07-2006, 10:18 AM
It's on the watch, but this thing will bounce on technicals only (and those buying the self-fulfilling prophecy.

Good call TCG, if it starts to run on big vol., we have a winner.


DROOY is a quick trade at best. I love any stock that drops like this in 2 or 3 days. Yesterday I did very well with BYCX, unfortunately I didn't mentioned it in the forum because honestly, I didn't expect the big move it had yesterday. But, DROOY may be another BYCX. I expect it to go lower at the open, but the bounce will come around the 10:30-11AM reversal time. I'm going to buy in halves. I'll watch it on the 15 min chart for entry. Lets see how we do with DROOY today. Good luck to everyone.

The Guru has spoken
Malakas007
12-07-2006, 04:04 PM
It looks like DROOY might be breaking thru? What do you guys think?
TheChartGuru
12-07-2006, 04:40 PM
It looks like DROOY might be breaking thru? What do you guys think?


Yes indeed. DROOY looks like it wants to head back up to $1.10. Too many stocks and too little money. Dipping into my margin account to buy all the goodies. In 3000 shares at .93, currently .93

The Guru has spoken
Malakas007
12-07-2006, 05:36 PM
I picked up 1000 shares at .87 yesterday aftermarket. I may pick up more tomorrow am if it continues to rise.
computeraces
12-13-2006, 11:03 AM
This one has been sitting at .93-.94 for a while. I guess that's good that it has support there, but is it still expected to jump up or do the charts say that's not going to happen anymore?
computeraces
12-13-2006, 03:46 PM
I got out at .95 - a little up from what I bought it at, I didn't think it would go much higher and I'd rather put my money elsewhere. Now it'll probably jump up - that's my luck.
TheChartGuru
12-13-2006, 05:47 PM
I got out at .95 - a little up from what I bought it at, I didn't think it would go much higher and I'd rather put my money elsewhere. Now it'll probably jump up - that's my luck.


DROOY is going higher. It is forming a handle on the cup and it will break out to fill the gap at $1.10

The Guru has spoken