Danakali Share Discussion Threads

[lex1000] 01/10/2002 11:23

phook inell,

No, i've been following the advice of Oaklandsway.Like AZN for short term swing trading.For the moment watching and waiting to get back in,Q2 & Q3 should show direction.Need to see some good news.Excellent that FID a buyer. Note new lows of $1.90.Yanks keep buying sub $2 pushing price back up again.Don't know how low markets will go and aware of risk dnk/danky may at some point go lower.Support at 32p continues to hold. Wish everyone good luck.

edit:see what i mean about AZN .Lows of 1880p/1900p yesterday,1980's this am.previous lows of 1790's bounced above 2000'......

[the psychiatrist] 01/10/2002 11:21

CHECKOUT BFRD

[phook inell] 01/10/2002 11:19

lex

did you buy DNK then ?

[lex1000] 01/10/2002 10:36

Funny feel to the day again.AZN continues trend of being a good punt of buy loads and sell for gain of anything from 50p-100p (more if lucky).TWT really flew this a.m! Some companies trending & finding new lows-bottom for bby @120p?Agree if trading danky US best swing trade.interesting to see whether short term profits for those with purchase @32.5p.

[itstelboy] 01/10/2002 00:58

Institutions are still buying and increasing their holdings at these low levels. So they obviously have confidence for the long term!

[lex1000] 01/10/2002 00:39

Info only,no advice intended.5 out of 6 mms ticked down @ 12.29 p.m so expect to see delayed sell showing up later.DNK needs to see positive news this week if share price to hold above 32p. imho.

[phook inell] 30/9/2002 22:37

psychicdoc

remember DNK is traded via the order book. So as one poster on Yahoo has put it, it could be Fidelity buying at the bid (Fidelity putting in a buy order of 100,000 at $2.03 and eventually being filled).

Also notice 120,000 trade in DNK (UK) after market close.

I strongly believe Fidelity is still accumulating.

[chestnuts] 30/9/2002 22:25

Hi Jag hope you are ok ,give us a bell sometime!

[psychicdoc] 30/9/2002 22:19

100k sell after hrs at $2.03

[zedder] 30/9/2002 21:34

Let's hope for an open of 32.5/35.0p

I'll have covered the spread on my buy at 32.2p today nice and quickly if that is the case.

[banj] 30/9/2002 21:15

up tomorrow!

[lex1000] 30/9/2002 21:12

Danky has got nine lives,tested lows of $1.90 bouncing back into +ve territitory up 4c at $2.10 on last trade.Share price maintained above $2 and at 33.87p higher than UK close 30p/32.5p.

[lex1000] 30/9/2002 16:44

cshwone,first time in ages that UK has not been trading at a premium to the US and to my mind sends out a negative signal.Interesting post by chemist72 on yahoo.com on new DJIA projection hitting new lows.

New DJIA projection.
by: chemist72 09/30/02 11:28 am
Msg: 37496 of 37496

In an earlier message (back in August), I predicted a low for the DJIA in the 7000-7500 range. Well, looks like I was a little too optimistic. Although I still see the low coming in October (probably in the next couple of weeks), I now think the intraday low on the DJIA will be in the 6600-6900 range. The low for the NASDAQ could be around 1050.

Proticker, GA: looks like I'm coming closer to YOUR earlier predictions than I first thought.

Good luck

[cshwone] 30/9/2002 16:15

UK mm's have seemed very keen to mark this one down today. Now appears to be trading below US levels based on $1.55 / £1

[lex1000] 30/9/2002 15:35

Markets in freefall.

[panagos] 30/9/2002 15:27

a grand well spent?

[zedder] 30/9/2002 15:14

Couldn't resist. Having sold at 42.6p a few weeks ago, it came down through my buy target of 32.5p. Have just bought 3050 odd shares at 32.2p.

[forfaiter] 30/9/2002 15:12

Selling DNK International would be a smart move and I am surprised it hasn´t happened already.....I am pretty sure it has always been Langs intention....but maybe he didn´t anticipate the weakness in the European operations which has always carried the US in the past.....

However there must be enough value left to clear most of the debt which has to be better than carrying on with the present credit facility...imho

[zedder] 30/9/2002 14:12

One of the Institutions in the US trying to buy 200k at $1.85 today!

[matt1231] 30/9/2002 14:08

This is a volatile stock and can make big gains on the upside and big losses on the downside.Down from 86p with recent warnings that after technical bounce, trend is down. getting cheaper 30p/32.5p. 28p support the one to watch imho. Agree best trading in the US.

[lex1000] 30/9/2002 11:51

Nasty these bears.Not getting any of my money.Gone 100% cash again.It is a pity that the fun and optimism has gone out of danka,however,just following the trends.Selling at 45p/46p has removed any stress,pain & a further 28% drop.ouch.imho.

[oaklandsway] 30/9/2002 11:50

panagos talked about DINK "not DNK".

I still expect a promising result for Q2 & Q3 so we can play longer on this one but once again less NAV wont be acceptable unless Danka sell Europe & International arms to close all debt then concentrate in US. This could not happen since Lang will start to install Oracle in Europe soon.