Danakali Share Discussion Threads

[ambabe] 12/8/2002 16:26

Market Manipulation and Low Volume.
Copied from Yahoo

by: chemist72 08/12/02 11:23 am
Msg: 35051 of 35051

Another thing about low volume is that MM's can walk stock price up and down as they see fit. Looks like they may be trying to accumulate shares under $2.75 to sell to an institution at that price. I say this because there were at least 2 "super buy messages" showing up on thomson this AM with a bid price of $2.75.

This really sucks. Especially when we had got so close to the 50 day MA. Oh well, maybe the next up move will do it for us!

Good luck.

[blockbuy] 12/8/2002 16:25

also, notice the mm's quickly dropped after MLSB did. sssb should move over soon enough to just let bgmm and mlsb back sucking up the sells.

I have a feeling the us will rise after the uk close.....they're good...very good.

[ambabe] 12/8/2002 16:23

Might as well hold, have held this long, what's another day.....Hopefully with positive economic news or maybe a rate cut it may come back up. here's hoping for a very positive CC too!!!

[jimmy28] 12/8/2002 16:23

sorry ...I've forgotton the conversion calculation but you still may be getting good value

$2.65 stateside, down 25 cents (-8.62%)

[superpete] 12/8/2002 16:21

Equivalent to 43p/44p in the US?


Real-Time Quote
Time of last trade: 11:19:00 AM Eastern.Danka Business Systems PLC
Last 2.65 Bid 2.65
Change -0.25 Ask 2.68
Volume 45,300 Bid/Ask Size 200.00 X 3900.00

Day's High 2.94 Open 2.94
Day's Low 2.65 Close 2.90
Real-Time Intraday Chart StockScouter Rating NA

[ambabe] 12/8/2002 16:20

Too Late, just about to pick phone up!! now @ 45 to sell!

[jimmy28] 12/8/2002 16:19

its dropping into line now -4.66%

[jimmy28] 12/8/2002 16:17

the UK does not seem to have reacted much however so now may be a good time

[ambabe] 12/8/2002 16:16

No Jimmy, not at all!! In fact thinking of selling, there are alot more shares out there, that I have been looking at that actually move upwards, Hmmm

[blockbuy] 12/8/2002 16:09

doewn to 2.65 statside now.!!!!! down 22cents

That will be in the ares of those 200K superbuy msgs.

Sure are shaking aint they

[ambabe] 12/8/2002 15:30

yep 8160 @$3

tomorrow should be alot more interesting with us retail figures and fed meeting, really not comfortable being in the lap of the Americans, very fickle lot!! Anything could happen!! what do you think ???

[blockbuy] 12/8/2002 15:05

yep, EIDSY down in the states. Will wait see what happens.

Those $3 sell orders are back.

[ambabe] 12/8/2002 14:58

There you go BB eid @ 90! and BT also looking very interesting!!

[blockbuy] 12/8/2002 14:21

3 super buys messages now.
Also the 8000 total or so sell orders posted last week at $3 are no longer there.!!!!

[superpete] 12/8/2002 14:15

Conference call :- Tuesday, 13th August at 4:00 p.m. (U.K. time). Suspect therefore that most of the shares action after our markets close tomorrow.

[blockbuy] 12/8/2002 13:52

don't know about the close, but the open will be interesting

Offer has just moved up to 2.94 (2.85/2.94) from 2.91, thompson only has buy signals.

[357aman] 12/8/2002 13:33

will close at $3.10.

[ambabe] 12/8/2002 13:13

My guess, south then east, back west, then north for the close!!

[oaklandsway] 12/8/2002 13:09

Which way today? north, south, east?

[ambabe] 12/8/2002 11:58

Good Morning All,

Glad to see BB has sobered up!!!

Still holding and waiting to see what's in 357's pot!!

Let me assure you Deirdre has nothing on me!! lol

[357aman] 12/8/2002 11:36

something is cooking!!

[pistonbroke1] 12/8/2002 11:35

Still Holding

[lex1000] 12/8/2002 11:33

blockbuy, good morning.As you say mms BGMM and MLSB still soaking up and absorbing sells. Generally down day today;hoping for a rally over this week.