Danakali Share Discussion Threads

[newstarter] 24/5/2002 10:27

coscos - good view point and comment, thanks

[coscos] 24/5/2002 10:06

Can't really understand what all the fuss is about. What was everyone expecting from the CC? News that would rocket the shares to $7?

Times like these call for a cool head. Firstly, you need to decide if you are gonna TRADE or INVEST in this stock. If you are trading, then short term fluctuations are of paramount importance. This is where the rampers and derampers throw their penny's worth in to try and move a stock. Admittedly, very often it works to move the price and their job is done. They have no real interest in the fundamentals of a company.
If you are INVESTING in this stock, then the above is the opposite. You believe that the company is moving forward and its' fundamentals are good. You logically assume therefore that the stock should follow. It does follow, but not in one direction due to the fact that TRADERS are affecting its' performance, in effect creating a false portrait of the true value of the shares.

With danky, we have had massive short/long TRADING positions for weeks now. As these traders now pull out, the shares will go through a stabilising period, as only the investors are left in. This is a POSITIVE development imo. The institutions , which were clearly the reason for the CC, have the opportunity to come in and increase their holdings. This will all take time, but the course for the shares is guaranteed.

The best thing that has happened over the past few days, is that all the deadwood is almost out of danky. Lang and his men have appealed to the institutions to back him in his efforts, and I feel that they will because he seems to be a good Captain in rough waters.

I am still confident as an investor.

[357aman] 24/5/2002 09:46

ff

Your post 3997 shows that you are not that stupied only human like myself!

[newstarter] 24/5/2002 09:03

True, but sold some time ago to cover my stake, rest is all profit / play money, and am more than happy with position - thanks for concern

[forfaiter] 24/5/2002 08:57

SP ...are you a day trader ?

[forfaiter] 24/5/2002 08:56

I thought Lang said they needed to stabilise revenues ?......the institutions will want evidence of this before buying..... imho

Remember we are nearly two thirds of the way through Q1 with no mention of any new business....

Investors will be wary of buying ahead of the next results in case they disappoint again on the revenue front.....

Also they have extra costs in Q1 including extra finance charges and the repayment of the outstanding $16m notes....

[serious punter] 24/5/2002 08:51

FF

........your clutching at straws the trend is firmly down.....

If it is trending down, why since 14:30 ET was it trending up, this was further confirmed by after hour trades moving to £3.44 then last trade $3.57, and there were more buys than sells?

The CC yesterday was geared for institutions not retail - for that reason alone LL's stance IMHO was spot on

[psychicdoc] 24/5/2002 08:49

after the cc is when one would expect instit buying and with a splendid perfomance as such from ll, and mention of another big contract we could see it sooner than later

[forfaiter] 24/5/2002 08:42

Which ever way you look at it your holding in DNK is worth considerably less than it did last week.....so that is a loss in my book....

[newstarter] 24/5/2002 08:37

What losses ???

[forfaiter] 24/5/2002 08:36

Doh...LOL....shorters are really stupid...they never think of taking a profit of the table.....well longs like to think that... as it makes there losses more bearable somehow......

[blockbuy] 24/5/2002 08:31

morning all,

bloomberg last night had some chap on there saying today could see a lot of shorts being closed prior to the weekend over in the US. (for the whole market)

[forfaiter] 24/5/2002 08:31

What happens if they don't ?......

[newstarter] 24/5/2002 08:31

Hope the big boys are REALLY BIG - OUCH !

[chestnuts] 24/5/2002 08:30

I wouldn't half laugh if the big boys moved into day and the shorters got caught with the pants down.

[newstarter] 24/5/2002 08:29

Nervous times guys, but as said before, short term may be a roller coaster, but look at the longer term - One of the best recoverys around in my view. I am still well up, and will hold for as long as it takes. Good luck

[forfaiter] 24/5/2002 08:29

What was the after hours trade on wednesday as a matter of interest?...$3.80 I believe........your clutching at straws the trend is firmly down.....

[serious punter] 24/5/2002 08:25

According to Lycos the last trade yesterday was at 18:24 ET for 1800 @ $3.57. Couyld be an interesting start on the Nas today:0)

[forfaiter] 24/5/2002 08:22

After hours trades in this stock are misleading anyway....and is usually for a 100 shares....to manipulate sentiment..

[serious punter] 24/5/2002 08:17

FF yahoo show none

[psychicdoc] 24/5/2002 08:16

ask should be 60p mms have it marked down because of a few sells thats all they will take it of you cheap if you want to give it to them,

[forfaiter] 24/5/2002 08:13

Freerealtime is showing $3.35.....

[serious punter] 24/5/2002 08:12

sorry inaccurate post

[forfaiter] 24/5/2002 08:11

If the stock breaks through the 51/53 support level then it is back to the 37/42.5p trading range which is where the stock was trading after the Q3 results...

[forfaiter] 24/5/2002 08:05

Psychidoc...loser...lol