Danakali Share Discussion Threads

[chestnuts] 29/5/2002 00:00

ff said he never sold his stock but just shorted edging his bets he his quite shrewed but i just don't like is tactics am i correct ff so he does believe in dnk but playing it both ways

[chestnuts] 28/5/2002 22:42

Oaks Thanks i agree i have fallen in that trap before, but i am getting better at trading thus dropped today to 16p did you buy some earlier in the year at 15p

[ambabe] 28/5/2002 22:40

Oaks,
Total of block trades ie: above 10,000 before 16.00pm US = 46,500 there was a 15,000 traded at 16.04 @ $3.50 this trade however has been cancelled...

edit: 46,500 was just 2 trades

[ambabe] 28/5/2002 22:32

Copied from Fara

melfaraj - 28 May'02 - 09:59 - 89 of 98


by popular demand, here is an update on the dnk analysis:

please click on the link on item 66 of this thread to take to the graphs and indicators.

first of all, the price movement is the final arbitrator on the validity of an analysi, be it technical or fundamental. of course not all price movements are genuin, some are feint. hence the reliance on other means to validify the price movement. the good news is dnk is up by a good percentage points and rising so far.

fib retracements:

in its awsome rise from the bottom at 16 to its top of 90 (round figures) the stock had dipped and then bounced from 2 other support levels. these have been 30 and 34. we, therefore have 3 ranges as follows:

16-90, giving fib retracements of 62-53-44
30-90, giving fib retracements of 67-60-53
34-90, giving fib retracements of 69-62-55

looking at the graph, the best fit fib retracements have been those of the 16-90.and for the time being this would be the range that would apply for our analysis. the stock has bounced off the 50% retracement. now the question to ask is, would this prove to be a valid support in the longer term? so we consult the other technical factors below.

the moving averages:

the ma's employed in the graph on the link above were 20,60 and 200 days. the 20 ma has crossed down over the 60 ma, and are both pointing down. bearish.
in order to account for the recent added volatility of the stock i used also the 10,25 days ma's. and the describe the same thing as the longer ma's. so bearish again.

oscillators and indicators:

all the three in the link above - macd, rsi and slow stochastics - poinit downwards to show that the stock has more downturn yet. reassuringly they are at the bottom of the oversold range, which means the upturns are right round the corner.
in order to sharpen up the response of the slow stochs i changed over to fast stochastics at 15 days. the latter show the lines just turning up and crossing from the very bottom.

conclusion: the stock has approached or at the bottom of the recent downturn. risk takers may invest now with tight stop losses. less risk orientated investors may part invest now and top up as the current rise takes momentum. and for those who enjoy good night sleep, wait for a few days for confirmation of the direction of the current trend.

For the link go to fara message 66 on BB

[chestnuts] 28/5/2002 22:23

Oaks thanks for your posti have learn't an awfull lot in the last 3 months i have been trading have you read the master swing trader and if you have can you recomend it

[lex1000] 28/5/2002 22:20

lycos.com

By: bullrallystocks $$$$$
28 May 2002, 08:40 AM EDT Msg. 1567 of 1568
(This msg. is a reply to 1562 by sitestarrules.)

History Lesson part 1

Back in the 90's DANKA had a Strong Growth by Acquisition stratigy. In late 1996/ early 1997 DANKY had Approx. 600 million in Long Term Debt, approx. 55 Million Outstanding shares and Market Cap in the 2.5 Billion range.

January 1997 with much Top level controversy Dan Doyle(Danka) completed a contract with (George Fisher)KODAK for approx. 700 Million + ($50 Million per year R&D) + minumum Kodak Analog equipment purchase levels.

The Kodak Office Imaging division Acquisition. increased DANKA's Debt to 1.3 Billion plus an Extra 50 Million per year payment to Kodaks R&D department. The minimum Kodak Analog copier purchase levels were based on Kodaks Best sales level obtained. Once Aquisition was complete XEROX moved in for the kill, they gave away the store and under bid DANKA in every account possible to displace the KODAK equipment base.

DANKA was between a rock and a hard place. Losing most sales to XEROX, Stuck with a Growing Inventory of Analog Kodak copiers, and Annual 50 Mil. R&D payment, and a Huge 1.3 Bil. debt. all this while sales Stagnated.
Stock price Plummeted and Top level Heads were rolling.
Bankruptcy was Immenent, Dan Doyle(Founder of Danka) resigned as president/CEO approx. 1998 and Brian Merriman took over. Brians First major accomplishment was to eliminate the 50 Million per year R&D pact with George Fisher (Kodak). This barely even slowed down the oncoming Bankruptcy. Still loaded with 1.3 Billion in Debt and a Fast Growing Inventory. XEROX blocked sales at each opportunity. By 1999 this Analog Inventory was becoming Obsolite in the wharehouse. The Didgital Revolution was here, everyone and their uncle was claiming it would become a Paperless world. The world has since figured out even with Didgital Copiers, Paper is here to stay, however, at the time that fear continued a plummeting share price and assured Bankruptcy for copier companys. the better half of DANKA's story will be continued later. Have to go for now.BRS

[ambabe] 28/5/2002 22:12

Just 2 Block Trades before 16.00pm US

1 30,000 @ mid price $3.35
2 16,500 @ ask price $3.46

Physcic - Tradetrek 5 day forecast also points to $4.00 - not sure how reliable that is though

Macd Histogram - still bearish
Stochastic - still oversold

I think the fact that Danka ended up on both exchanges when all else seemed to fall gives a positive outlook for tomorrow Good Luck all!

[lex1000] 28/5/2002 22:12

Excellent close in the US-60p here we come. Looking forward to Danka recovering lost ground with shorters running for the hills. All very bullish on yahoo.com

[oaklandsway] 28/5/2002 21:29

Here we come, $3.48 = 60p in UK. I said 60p-75p in 1-6 weeks.
60p we get through in less than 1 week tomorrow, lets expect 75p in less than 6 weeks or so. IMO.

Good luck to anybody who bought (back) under 60p and good luck who did not sell under 60p because not everyone can cover under 60p. I recommended before not to sell under 60p because price can move back from $3 to $3.50 very fast.

To anybody who still expect 43p, please be patient and continue to waste your energy and LOL LOL LOL and keep LOL.

[psychicdoc] 28/5/2002 21:28

after hours trade of 15k(5% of total vol traded on nas) at $350,looks good,looking towards $4 before the w/e,imho,dyor

[sigora] 28/5/2002 21:03

finished uo 23 cents at $3.48 on vol of just over 300k

[oaklandsway] 28/5/2002 20:06

chesnuts, I won't go to AIM & especially a new AIM company because no ground to assess the fundamentals - no enough data - not enough money flowing in the AIM market as well. Buy & sell is different from fundamentals, if you think the fundamental is strong, the price of share is getting much expensive, volatile & your position is quite big then better to hedge rather than trading, IMO. It's OK to trade 100K+ shares but if you have 300K+ then difficult to sell and buy back in that amount.

Trading must know the behoviour of individual stock e.g trading AU. will be different from trading QXL or DNK. You should know what the differences. Rubbish to talk about fibonacci (retracement 62%, 50% or 38%) on QXL because the way to trade is buy one month before earning expecting many people will pampering bullishly, sell 3-7 days before earning then goodbye, come back in three months time to do the same strategy.

ff can talk about trading DNK because he has experience for years and still can see similar pattern of trading. I did well before I went for holiday then I tripled my position before holiday & hedge when the value was high. Now, I trade Danky in US a little bit. IMO, DYOR, etc.

[lex1000] 28/5/2002 19:46

Danky bouncing

Real-Time Quote
Time of last trade: 2:42:00 PM Eastern.Danka Business Systems PLC
Last 3.41 Bid 3.41
Change +0.16 Ask 3.43
Volume 251,300 Bid/Ask Size 500.00 X 1300.00

Day's High 3.46 Open 3.22
Day's Low 3.22 Close 3.25


edit:+21c $3.46 @ 2.53 p.m. Eastern time. Back up above 60p plus tomorrow?

[chestnuts] 28/5/2002 19:17

Oaks when you buy and sell shares do you use fudamentals to start with and when its up and running use charts when to sell and then re buy back? take a look at (idm) and let me know what you think.

[sigora] 28/5/2002 19:16

Some chunky buys going through latest price$3.46 days high on volume of 216.500 long may it continue.

[lex1000] 28/5/2002 17:48

Real-Time Quote
Time of last trade: 12:39:00 PM Eastern.Danka Business Systems PLC
Last 3.35 Bid 3.34
Change +0.10 Ask 3.37
Volume 126,100 Bid/Ask Size 500.00 X 1000.00

Day's High 3.37 Open 3.22
Day's Low 3.22 Close 3.25


Nasdaq National Market

[easykill] 28/5/2002 17:45

forfaiter

can you shed some light as to where Danka share price is going in the next 7 to 10 days ? all your honest opinion of course. cheers

[forfaiter] 28/5/2002 17:43

LOL...yes being SHORT does have its disadvantages...

[jimmy28] 28/5/2002 17:37

12:31pm · 3.369 Change
+0.119 (+3.66%) Prev Cls
3.25 Open
3.22 Volume
119,000


FF ..... well you would say that amongst a bunch of LONGS! - LOL

[oaklandsway] 28/5/2002 17:34

Building up Higher High and Higher Low nicely. Get back to 60p first then building strong support to 75p. IMO, DYOR, etc.

[ambabe] 28/5/2002 17:21

Now Now - Don't lower the tone again ff!