Danakali Share Discussion Threads

[chestnuts] 27/5/2002 08:25

Get ready for the next wave and this will go alot higher

[zen_] 27/5/2002 08:18

we will look to buy these at 35p maybe at a push 39p


all in our opinion.

[millionaire] 26/5/2002 20:26

Have to say that regardless of my views on DNK and the way traders
(both lond and short) can swing prices - RESPECT to ff and oaklandsway
and their respective points of view. Am always willing to learn and
I thank all posters on this thread over the weekend with their
assessments of technical analysis and indicators.

This thread is much better for it and reasoned debate more enjoyable.

[dazz17] 26/5/2002 20:02

Psychicdoc,

price to get in???from a TA angle there's two very good reason's to get in at 51p wheather that'll be mon or tue i'm not sure yet, idon,t follow dnk to closely....but after reading some general economic stories/comment's today they have made me more wary of being in the market.....suppose if i want to play it safe i should buy into the food producer's sector..:)

[chestnuts] 26/5/2002 16:37

It looks like this stock comes in waves as i read earlier and this just another wave we just after wait for next wave to come which will be bigger than the next then no doubt their will be another i coied this from apost from the states.

After we hit our $3.00 mark on Feb 4 we retraced back to $1.82 by Feb 9. That was a 40% retrace in one week. Next.
Since we hit $5.00 on May 8 we retraced to $2.96 on May 20. That is the identical 40% retrace we had last Febuary, it took longer this time, so its less volitile but it looks more severe, as previously noted, I confirm it is identical 40% retrace. Also take a look at the stair stepping UP-SURGE pattern this stock makes, last time it broke thru $3.00 it ran to $3.91 the next day.

The only gap I see just got filled Friday, the first time around we gapped past the $3.00 - $3.10 range. May 20 we put some volume in that slot, and Friday we put more volume in it, that gap is now filled, there are no other gaps that I can see.

[smoketrader] 26/5/2002 10:37

I'm starting to ignore the UK chart now, since all the price action occurs in the US.
DANKY has found support twice at $3 recently, coinciding with a number of Fibonacci levels IMHO. As share price said, the spinning top could be an early indicator of a change in trend along with the RSI which is edging into oversold territory.

The MACD and DMI indicate that the trend is still down, ideally we need to see these crossing again, combined with a divergence/failure swing in the RSI.

[zulu001] 26/5/2002 00:50

I was listening, 3170 17/5/02 "next support around 53p"

[serious punter] 26/5/2002 00:29

FF

Your post 4135. Which post does this address please, or am I being thick?

[forfaiter] 26/5/2002 00:22

I did...you chose not to listen.....and how gracious would you have been if the share had risen to new highs......not very is my guess.....but thats the nature of the beast.....

[psychicdoc] 25/5/2002 22:25

dazz17;
i like the way you put it '42p is not out of bound and long termers come end of year you will be laughing' what price are u hoping to get in at

[oaklandsway] 25/5/2002 17:36

pistonbroke1,
If your goal is to get a prosperity for all then you should not listen to traders. Traders can't make prosper for all especially to all people that has been directed to sell at high and buy at low in very short time. Only a tiny portion of people can get out at high price and tiny portion can buy at low (please see the trading volume and price volatility). That's why many traders did ramping to pass their shares to the following as high as possible and deramping to buy as cheap as possible quickly. Many beast traders like sloughter or being sloughtered, you heard confession in this board.

FF gave you reasonable indicators for trading but can't make all prosper. You can't follow traders exactly what they dictate so you need to filter to suite your goal. FF said that many traders will ramp and de-ramp. I can't agree to FF on his comments relating to bad fundamentals on DANKA which caused the price dropped. The fibonacci could explain the price movement/volatility but fundamentally Danka is moving forward. FF confessed that he plays news that made me not happy. IMO, The fibonacci retracement theory will only happen if no more news after flying up too high and too fast. I used hedging to make my positon safer because I played for long term. Until now, I do not really use fibonacci because I just buy when I think cheap and sell after making some gain but can't expect higher. I might buy back at cheaper price if can see the progress of the company. If fibonacci theory was applicable many times for Danky then it's good to use for trading but I would prefer hedging than trading DNK until Q1 2003.

I am a long-term player but won't give direction to trade except the fair value IMO based on fundamentals but please DYOR and filter my opinion to suite your goal. I believe that if we make dicision based on fundamentals and willing to wait further progress after buying at fair value then we should get reward in big style. IMO, DYOR.

As a long-term player, I do not need this board to support me to buy or sell DNK or other stocks which I think have strong fundamentals, still under value and have lots of opportunity to go upward. Investors & institutionals will come & buy these kind of stocks without my promotion. I do not need to ramp or de-ramp but come to this board to discuss objectively.

When I trade DNK, I do not need to tell you in detail (especially making panic sell recomendation) which will certaintly not be fair for some of you especially who paid much higher. DNK still trends upward anyway so why I should recommend panic selling?

Remember, Danky is very volatile but trending upward. Good for traders & long-term players. IMO, DYOR. FF tried to mix up many fundamental factors to explain about current price volatility but I strongly challenged it. I believe DNK will worth more than current value although the revenue in rental & service decline again. I just hate the write-off & special charges if appear again in Q1 2003.

We should see DANKY could break another high if US investors/traders can accept Q4 2002 and expect/speculate on Q1 2003 to be much better. I do not think US investors will punish Danka based on Q4. IMO, DYOR.

My post is just for discussion, you should not use it to make buy or sell decision. Be careful to trade (including shorting) especially if you have no experience.

[easykill] 25/5/2002 14:16

forfaiter


can i ask what your prediction is for the next 2 weeks or so. thanks

[zulu001] 25/5/2002 13:01

Forfaiter was the first to tell you that the results were disappointing when many with lesser insight were, amazingly, saying how good the results were. (It was yet another quarterly loss when people expected a profit). He also said that the UK share price would probably fall to (and bounce from) 53p. All credit to him.

Actually I admire him for his courage in the face of the inevitable opprobrium such comments would bring – I ,and others, refrained from such “negative̶1; comments to the loss of this board.

However the prize has to go to akastantheman who warned on 8/5/02 that Danka “was becoming a good short” – if he had been a regular poster I would have listened.

Where to next for the Danka share price? It is dependent on the reaction of the Institutions to the next analyst reports. It was the two research reports published earlier this year that drove up the shareprice to $5.

[forfaiter] 25/5/2002 11:48

From a technical point of view it is at an interesting juncture with strong support at $3 which is to be expected....and a lot depends on what point you take as the start of the break out....

IMHO....The initial break out occured after along period of accumulation and the formation of an inverted head and shoulders......this happened when the share broke through $1.07(17P) with the run ending at $5.05....


This equates to a move of $4.......then add the fibonacci retracement levels and you are left with...the 38% sitting at $3.53 (60p)...the 50% at $3.02 (51p) and the 62% at $2.55 (42p)......

[easykill] 25/5/2002 11:41

forfaiter

you should rise above that. Stick to your facts and figures. Stooping to the same level hardly increases your cred. Sticking to your analysis and not resorting to the same response increases your cred.

By the way, do you accept that a double bottom has formed in a similar way you stated last week that a double top had been formed.

[forfaiter] 25/5/2002 11:17

When certain posters call me a 'liar' and 'cheat' for posting a contrarian point of view.....backed up with reasoned debate......then its time to take off the gloves I am afraid.

There is a hard core of 'rampers' on this board who attack any contrarian point of view by trying to discredit the poster.....

Face fact guys and gals by listeneing to them you have lost money....

[serious punter] 25/5/2002 11:15

Just for info, after the bell, buys ranged from £3.30-£3.40



IMHO we can move DANKY/DNK forward on Monday. If you subscribe to the chartists theory, why DANKY/DNK was pushed down, then by the same token, Monday should see a rally because a double bottom has formed (although over a short period, therefore a bit of a weak argument), and also the Friday's trading across the pond indicated a 'spinning top formation', therefore indicating the end of a bear trend.

I, for one, will be seriously topping up on Monday.

From Americanbulls




Today’s Candlestick Patterns:
Spinning Top


Today a Spinning Top formed. Both the bulls and the bears were active during the session. Even though the session opened and closed with little change, prices moved significantly higher and lower in the mean time. Be careful, this indicates weakness among the bears and a potential change or interruption in the current trend!

[serious punter] 25/5/2002 10:50

Hi Pippin

Agree with your post, but heavily agrea with Easykill's comments about FF 'LOL' when people are losing money. Tasteless and childish IMHO.

[forfaiter] 25/5/2002 00:58

Yes.....my tact and diplomacy...LOL..