Danakali Share Discussion Threads

[zedder] 19/11/2002 13:41

The buy interest is tripping in again Stateside. Hang on to your hats!

[blockbuy] 19/11/2002 13:40

well done Zedder....good luck....

looking good for the rest of the day

Top Financial News



11/19 08:30
U.S. October Consumer Prices Rise 0.3%; Core Rate Rises 0.2%
By Siobhan Hughes


Washington, Nov. 19 (Bloomberg) -- U.S. consumer prices rose 0.3 percent in October, led by an increase in energy costs that doesn't threaten to spur inflation in the rest of the economy.

The rise in the consumer price index, the most widely followed gauge of U.S. inflation, followed a 0.2 percent increase in September, the Labor Department said. Excluding food and energy, the index rose 0.2 percent, leaving core inflation up 2.2 percent from the past year. Energy prices rose 1.9 percent, the largest increase since April.

The tepid recovery is keeping inflation in check, which may give Federal Reserve policy makers room to keep interest rates at a 41-year low. Companies such as Dell Computer Corp. and Food Lion grocery stores are lowering prices to boost sales.

``We're at a sweet spot when it comes to inflation,'' said Gerald Cohen, an economist at Merrill Lynch & Co. in New York, before the report. ``It's low enough so that it has given the Fed room to ease rates, but it's not so low that you're going to have deflation.''

Economists surveyed by Bloomberg News expected the consumer price index to rise 0.3 percent and the index excluding food and energy to rise 0.2 percent, based on the median of 51 forecasts in a Bloomberg News survey.



Also ... most today are hitting or beating the street...futures rising from lows.

[blockbuy] 19/11/2002 13:38

ff, wrt to a double top, doesn't a classic double top mark at least an intermediate change, if not long-term change, in trend from bullish to bearish, but until key support is broken, a reversal cannot be confirmed.

to date, the trends is short term...approx 1 month.

[zedder] 19/11/2002 13:35

Fingers crossed! And I did get them at 51.5p.

[pistonbroke1] 19/11/2002 13:34

If it goes up another 38c in the states today Zedder you better buy 2 grand every day Good Luck

[zedder] 19/11/2002 13:29

Let's roll those dice again shall we!

Had 2 grands worth yesterday at 47p. Trying for another 2 grands worth at 51.5p.

[blockbuy] 19/11/2002 13:24

ff, the rises over the last few days have been on a sector wide basis, not danky on it's own.

Market sentiment is turning round imo. It maybe we have seen the btm.....

(conjecture of course)

but it has been easier over the last couple of months to make a couple of quid than it had been....

[blockbuy] 19/11/2002 13:20

ff, double top at 55p

we are still in the reaction of a reverse H&S imo....

[forfaiter] 19/11/2002 13:17

BB,....its all very well...but didn´t DNK post a loss...when all the others are doing so much better...??

[blockbuy] 19/11/2002 13:15

So the second piece of top news today

Home Depot Third-Quarter Earnings Rise 21% as Cost Decline
By Bloomberg News

Atlanta, Nov. 19 (Bloomberg) -- Home Depot Inc., the world's largest home-improvement retailer, said third-quarter earnings rose 21 percent as the company reduced costs and increased sales.

Net income rose to $940 million, or 40 cents a share, from $778 million, or 33 cents, a year earlier. Sales in the three months ended Nov. 3 climbed 8.9 percent to $14.5 billion, the company said in a statement

[forfaiter] 19/11/2002 13:12

Double top with the high in August....anyone ?......

[blockbuy] 19/11/2002 13:09

Ok Guys come on....April 1st is some time away now.....

lets trade at an exchange rate of 1.7 eh???

[phook inell] 19/11/2002 11:46

cinoib

i am not really preturbed. the trend is firmly up. DNK has jumped 100% in a few weeks so profit taking should be expected. I am looking towards Q3 and price momentum towards the Q3 results date should be very encouraging.

[panagos] 19/11/2002 11:42

i just want my 54p bid............really taking the mick.........3.48 is 54p

[blockbuy] 19/11/2002 11:38

anyhow, even at 1.59 to the pound it's 54.7p

toads..

[blockbuy] 19/11/2002 11:24

Cinoib, imo the buyers would have got in at 55p if the offer price was correctly set in the 1st place.

Anyhow latest touch US side...3.33 / 1999.99

don't mean much at the mo, but it tells me it aint opening at 3.22.....

[blockbuy] 19/11/2002 11:20

nice...

it's a real shame that the UK spoils the party. They're taking the mick anyhow with the current price.

They are assuming the US is going to open at 3.22 (using 1.58)....

You watch the scramble up if the US opens at or around last nights close.

[cinoib] 19/11/2002 11:18

Phook,
not going up at the moment, down maybe, getting way behind now. 55.4 close last night and we're struggling at 51.

[phook inell] 19/11/2002 10:39

looks like it. even FF has now given a $7 target, and someone who has good insight on the yahoo board (ivan) has also stated a $7 price target. Obviously profit taking will happen on the way but trend is up.

[blockbuy] 19/11/2002 10:35

Hey phook, the last time DNK went above the 50 and 200 dma it went from what looks to be 10 to 90p

[blockbuy] 19/11/2002 10:28

Also, m roberts, are saying there will be one or are you hoping there will be one????

;-)

[blockbuy] 19/11/2002 10:09

Pangos, according to stockcharts, the 200dma is $2.98

Also, investtech now predicts a further rise and in case negative reactions there will now be support at $3.00

Short term it's only very slightly over bought (72), however looking back at overbough positions, they have lasted 3 - 5 days with still gains to be made.

As always I'm, forever watchfull....waiting for signals....common sense etc...

[m roberts] 19/11/2002 10:00

is the big dump comming?