This week's giveaway is in the EJB and other Java EE Technologies forum. We're giving away four copies of EJB 3 in Action and have Debu Panda, Reza Rahman, Ryan Cuprak, and Michael Remijan on-line! See this thread for details.
Have a look at the API documentation for java.awt.Graphics. The x,y position arguments for drawString is the baseline of the text, not the upper left-hand corner. You can probably see the tail of the "p" at the top of your image.