Danakali Share Discussion Threads

[sigora] 07/8/2002 22:01

ff thanks, keep up the good work and keep us informed with you knowledge, your technical nous and oaks fundamentals, makes me sleep better at night. thanks again.

[forfaiter] 07/8/2002 21:59

Try www.stockcharts.com

[phook inell] 07/8/2002 21:57

ff

can you put the link to the chart showing all this as described in message 7837 . cheers

[forfaiter] 07/8/2002 21:56

Parabolics still indicate an uptrend....or I should say still confirms the change in trend.....

[forfaiter] 07/8/2002 21:55

Depends on the direction...the 200d is still rising..so yes...and the 50d is levelling off after a steep decline.....so not much..

The stock was in a downtrend with a clearly marked channel...it has broken through the ceiling of that channel in the US ...not the UK.....which is now a support level ......which is decreasing daily(now $2.70) due to the direction of the channel.....a break through that support resumes the downtrend....the stock is presently trending horizontally.....

[sigora] 07/8/2002 21:54

bb i'm staying in all the comments i've read from the chartists are the same consolidation on low volumes then a spike(hopefully).

[blockbuy] 07/8/2002 21:52

cheers phook. it would be nice to see low 1.53's base on the late US rally now.

imo that is.

[phook inell] 07/8/2002 21:51

blockbuy

exchange rate : 1.5372 - 1.5378

ff, the word "phooked" / "phook" and any other derivative are ALL trademarked, any further use requires my prior consent.

by the way, what price did you buy back ?

[blockbuy] 07/8/2002 21:50

ff, what do you make of the parabolic sar...

sig....yep..if the new day share price is different to the one it's replacing.

[sigora] 07/8/2002 21:44

ff does the 50/200 etc macd change everyday with the share price?

[blockbuy] 07/8/2002 21:43

Sig, as ff said the other day, shorters won't come in just yet as they risk being burnt if there's good news from the CC and with the latest results the risk is just too much for any potential reward at the moment.

I'm looking at some charts and it aint overly worrying at the mo, however i doubt some will be into charting and will just see the US drop.

your call as they say. no advice inteneded....dyor..etc...

[forfaiter] 07/8/2002 21:40

Support is now at $2.70 ish.....ceiling of the downtrend....RSI still above 50...MACD is still rising...the share is consolidating.....so nothings changed..

[sigora] 07/8/2002 21:31

ff a close below $2.75 what are Your thoughts?TIA

[forfaiter] 07/8/2002 21:30

Its Phooked...

[blockbuy] 07/8/2002 21:27

ok expecting approx 1.14p mark down tomorrow at 1.54 $
so it's up to the uk to lift this one up
If the uk can open +ve on the backend of the US then we have every chance.

imo some sellers will appear 1st thing.

what would be the general concensous?


good luck all.

[blockbuy] 07/8/2002 20:58

come on guys, 4 mins to go. Back above 2.75 pls.

[blockbuy] 07/8/2002 20:37

good news for on the interest rate front




Bank of England says borrowing costs to fall
By Scheherazade Daneshkhu in London
Published: August 7 2002 12:34 | Last Updated: August 7 2002 20:14


The Bank of England said it was ready to cut interest rates, reversing its position of three months ago when it expected to put up the cost of borrowing, after a more pessimistic growth forecast.

Mervyn King, the UK central bank's deputy governor responsible for monetary policy, said on Wednesday the bank had lowered its assessment of growth and inflationary risk because the 20 per cent fall in equity prices since May was likely to slow the speed of recovery. His remarks came amid growing speculation that the Federal Reserve is likely to cut interest rates after last week's poor US economic data.

Speaking at the launch on Wednesday of the bank's latest quarterly inflation report, Mr King said the monetary policy committee (MPC) "remains ready to take whatever action is necessary, in either direction, to meet the inflation target". Any cut in interest rates would be the first since last November when the bank reduced rates by half a percentage point. It has kept them on hold at 4 per cent since.

Futures markets, which had already reversed expectations of an interest rate rise, responded by suggesting the markets saw an increased chance of a cut to 3.75 per cent by the end of the year.

The bank believes underlying inflation, excluding home loan interest payments - which is at a 35-year low of 1.5 per cent - will only edge up to its 2.5 per cent target in two years instead of overshooting as projected in May. The outlook for economic growth was also weaker, but was forecast to recover to the trend rate of 2.5 per cent. "Although there are risks, our central projection is not one of doom and gloom. We still expect a gradual but patchy recovery," said Mr King.

House prices were expected to decelerate from 20 per cent annual growth to 3-4 per cent in two years' time. The bank also highlighted the risk of increased borrowings, particularly to low- income families.

Mr King added it would be a "big mistake" to draw conclusions from June's disappointing manufacturing data.

Some analysts interpreted the remarks as indicating that interest rates were likely to remain on hold into next year, but others thought the bank was likely to cut rates especially if data continued to be weak.

"Should the threat of double dip intensify in the US and the Fed respond with further interest rate cuts, our suspicion and the lesson of last year is that the MPC will not be far behind," said Simon Rubinsohn, chief economist at Gerrard, the fund manager.

[hasin] 07/8/2002 20:31

lol
knew they had more than a couple of uses

[hasin] 07/8/2002 20:14

Where's Oaks alternating balloons gone now kids are in bed?

[blockbuy] 07/8/2002 20:13

well consumer credit figure a little better than expected, looks like consumers still spending.

looks like the market likes it...up again....

when will it make it's mind up eh?

[blockbuy] 07/8/2002 18:55

nah, more from you r photie collection

[sigora] 07/8/2002 18:51

Wow what a beauty, can we have some more please?

[ambabe] 07/8/2002 18:48

What teeth??

[blockbuy] 07/8/2002 18:35

Danky down 4c, dollar weakening a tad.

At 2.76 and 1.54 don't we drop down to 45/47?