Danakali Share Discussion Threads

[oaklandsway] 09/8/2002 16:33

Not much seller as well actually, at least in the first 2 hours of trading. I had expected much bigger sell off then reverse next week.

[blockbuy] 09/8/2002 16:26

oaks, I did say last night when it got to 2.80 that I was happy with that gain. too much too soon brings in the sellers.

[oaklandsway] 09/8/2002 16:25

blockbuy, Danky got 23c gain yesterday. a bit retrace is fine but i still believe that it will break $3 again even if not today.

[blockbuy] 09/8/2002 16:21

oaks, think you spoke a tad too soon there.

[yogesp] 09/8/2002 16:21

phook inell,

I only had 10K (shares) and well I was getting bored. There seems to be a lack of interest , even though the CC is only a few days and I guess this will trade sideways, unless some thing new materialises.

I was initially in DNK for a quick buck, but will now hold on to half and take a loss on the other half.

[oaklandsway] 09/8/2002 16:08

The good news is Danky hold up at $2.90 & IKN advance through $9.07.

[phook inell] 09/8/2002 16:07

yogesp

why did you sell ?

[blockbuy] 09/8/2002 16:01

yogesp....hope you can recover your loss very very soon.

[yogesp] 09/8/2002 15:50

sold half my stake at a small loss and will keep the rest for the medium term !!

good luck all

[blockbuy] 09/8/2002 15:43

well the indices are starting to recover after the initial drop, so I suppose we are at the mercy of the last hrs trading.

[blockbuy] 09/8/2002 15:23

lex, did ya see my reply???? lol

[lex1000] 09/8/2002 14:56

Early buying pressure has failed to materialise bringing out the shorter strong sell brigade.

yahoo.com
Dead money monkeys!
by: ridin_do_danky
Long-Term Sentiment: Strong Sell 08/09/02 09:44 am
Msg: 34932 of 34932

Get out before the call while you still have a chance!! LMAO! If you think this stock is not going to tank you are only fooling yourself!!

The call will go something like this!! Well Danka had a few glitches in our Orafice software but everything is on schedule now. The industry is still dealing with the transition from ANALog to digital. We have continued to cut back in the areas that were not profitable (like paying decent wages to the sales force) We see brighter days ahead. We are on schedule with our credit. Forget about our dilution of shares, it's no big deal, we were simply rewarding our employees without significant impact to our share holders. Blah blah blah!!!

LMAO@U LONGS!!! No big contracts to save this company!!! Next stop spin city!!! Don't say I didn't warn ya big dummys!!!

[superpete] 09/8/2002 14:38

Slow start,low vol 500.

[blockbuy] 09/8/2002 14:37

gonna be a ride today.lloks like the shorters have the upper hand INDEX wise as the mo.

well they have had a tough 3 days I suppose.

[lex1000] 09/8/2002 14:29

All aboard,going up imho.

[blockbuy] 09/8/2002 14:27

oaks, just about to post that. Very unusual to change the book this close to open.

nice.

[oaklandsway] 09/8/2002 14:26

bid 2.95; ask 3.00 for danky.

[blockbuy] 09/8/2002 14:18

hey guys, dollar now at 1.5243 makes the UK price a little higher without any trades whatsoever...

nice.

Eyes down, 12 mins to go.

[blockbuy] 09/8/2002 14:00

oaks, no worries.

right all we have is buying interest.....oh dear
lol



also an update

08/09 08:52
U.S. Stocks Decline After WorldCom Disclosure Fuels Accounting Concern
By John Fraher

New York, Aug. 9 (Bloomberg) -- U.S. stocks fell after WorldCom Inc. said it found an additional $3.3 billion in misreported financial results, undermining confidence in earnings following the biggest three-day rally in almost 15 years.

J.P. Morgan Chase & Co., Boeing Co. and Intel Corp. declined as futures on the Standard & Poor's 500 Index dropped 9.20 to 896.50 at 8:49 a.m. in New York, indicating the index will fall 1 percent when trading resumes at 9:30 a.m. in New York. Dow Jones Industrial Average futures lost 80 to 8615. Nasdaq 100 Index futures shed 14.00 to 935.00.

[lex1000] 09/8/2002 12:12

Great to see the US begin the move north. MMs have collected 446K shares all sells and no buys here in the UK today.Laughing all the way to the bank depending on mark up tomorrow. Anyone who sold cheaply at 46p or less looks highly unlikely this side of CC to buy back in lower than sold..MMs always knew that once weak sellers out this donkey would ride north again imho.

Its friday .........3 days to CC.

[blockbuy] 09/8/2002 11:47

improving slightly

08/09 06:24
U.S. Stocks Fall in Europe; J.P. Morgan, Boeing and Intel Shares Decline
By John Fraher

Frankfurt, Aug. 9 (Bloomberg) -- U.S. stocks fell in Europe after WorldCom Inc. said it found an additional $3.3 billion in misreported financial results, undermining confidence in earnings after the biggest three-day rally in almost 15 years.

Futures on the Standard & Poor's 500 Index were 5.70 points lower at 900 at 12:20 p.m. Frankfurt time. Nasdaq 100 Index futures fell 10 to 939, and Dow Jones Industrial Average futures lost 49 to 8646. J.P. Morgan Chase & Co., Boeing Co. and Intel Corp. shares declined.

The S&P 500 has gained 8.5 percent since Tuesday, its biggest surge since the recovery from the October 1987 crash, on optimism a 28-month stock-market slump may be ending. It has dropped 21 percent this year amid concern about accounting at companies including WorldCom, energy trader Dynegy Inc. and drugmaker Bristol-Myers Squibb Co.

[blockbuy] 09/8/2002 11:26

oak, us futures down a touch the moment.

08/09 06:01
U.S. Stocks Fall in Europe; J.P. Morgan, Disney and Intel Shares Decline
By John Fraher

Frankfurt, Aug. 9 (Bloomberg) -- U.S. stocks fell in Europe after WorldCom Inc. said it found an additional $3.3 billion in misreported financial results, undermining confidence in earnings after the biggest three-day rally in almost 15 years. J.P. Morgan Chase & Co., Boeing Co. and Intel Corp. slipped.

``It shows that concern about accounting hasn't gone away,'' said Alison Sinclair, who helps manage about $1.2 billion at Britannic Asset Management in Glasgow. ``Accounting will remain in focus for the next couple of weeks.''

Futures on the Standard & Poor's 500 Index were 7.70 points lower at 898 at 11:55 a.m. Frankfurt time. Nasdaq 100 Index futures fell 12.50 to 936.50, and Dow Jones Industrial Average futures lost 65 to 8630.

[blockbuy] 09/8/2002 11:25

dollar strengthening again despite report

Pound Gains Against Dollar on Speculation Fed Won't Reduce Interest Rates
The British pound gained against the dollar for a second day this week on speculation the Federal Reserve won't cut interest rates anytime soon, damping the appeal of U.S. assets and the currency needed to buy them

1.5290

[oaklandsway] 09/8/2002 11:22

Mates, actually the 50 dma for Danky is only $3.00, so about to break that point if Dow can maintain the momentum. Remember that the question is on the Dow to break through 9000 mark or drop to low 8000-ish again. If Dow can break through 9000 mark, I am sure IKN will get through $10 or near and Danky will be over $3.

If Dow can get through 10000 mark then IKN could get back to $14 and Danky about $4-$5. Danky was suffering because of market pricing in general was in collapse, if not we should agree that the fair value is $3.40+.

IMHO & DYOR, of course.