Alkane Energy - Back to 100p
Says Zak Mir of Zaks-TA.com
The stock market is full of hyperbole, especially from tipsters. I chanced upon Alkane Energy today and my immediate reaction was that it is the best stock chart I have ever seen.

This may sound somewhat melodramatic, but I do not think that it is an exaggeration. As all traders know (including Nick Leeson if you are reading), the way to make real money is by betting the bank on the really big calls. That is the aim of my site. Nick, if you're still there, now is the time to go long of Alkane Energy - it has to be a better bet than a Nikkei arbitrage.

Although a chartist is fully allowed to ignore the fundamentals and look purely at the technicals, the fundamental background to Alkane is a company that declared losses of 284,000 pounds in its last set of results versus 20 million pounds in the previous year. This is a great recovery situation just in financial terms and the hopes of the bulls are carried in the form of a very extended base on the chart below 20p that was in place for nearly three years. The charting rule is that the longer the base, the bigger and more powerful the eventual breakout. This would imply that we are looking at the possibility of a full return to the highs seen at the start of the decade towards 100p.

Only an end of day close below the 10 week moving average on the weekly chart at 19p would even begin to cast doubt on the upside. The minimum expected target in the near term would be the 40 week moving average now running through 40p.

all this talk of rising gas prices by min 25% should no doubt benefical to alk. has the mkt not realised this yet?.

Ticking up nicely again today lizard.Still waiting for news.

is this a bit of confidence?. still undervalued imo considering current trading climate.

http://www.alkane.co.uk/news_item.php?id=10

hopefully this statement in the summer will bode well for second half figures.

results out soon hope they are good. should be with gas/electricity prices as they are.

positive today lizard.a little bit of news would be nice.

not expecting any until results eggbert!

They have done it again lizard.They promised us better results and have failed.Seems a bit like never never land with Alk,as they again promise a rosy future.How many more times can they not deliver?

i'm really annoyed with this- also emailed sgoalby@alkane.co.uk (f dir)- they keep saying how 'favourable' the current climate is so why the f**k aren't they making progress?. on the upside a lot of new innovation has its problems so will keep my view and hold. VERY DISAPPOINTING WAS USING THESE FIGURES TO GAUGE THEIR PROGRESS!.

They used to blame the poor price of electricity,now they have gone back to technology problems.They have had these problems before.If they cannot fix them they should cut thier (our) loses and move on.

I know Alkane is very small in the scale of energy, but Royal Dutch have problems with little and few reserves.
There has been talk of them going to make large acquisitions, in the area of coal mine methane extraction. While it is not quite the same, it would get positive momentum back into the Stock. thinking of buying around 20p

I think it needs a big player involved to really get this business moving.Someone with real drive and political clout.One factor could be that methane is the most poluting of greenhouse gases.Even on a small scale this business can do more for the enviroment than say wind power.If fully developed the gains could be massive.

IF IT gets too cheap eggbert- could certainly interest some predators. i'm holding through this -who knows where it will go sh/term but still remain positive for a med long term recovery.

makes you wonder if someone like bp would not be looking to buy into companies like alk?. still spitting blood with the management.

Too rite!

You would not really think the big players would be bothered with Alk.But it could give them an instant new energy source.Alk also hold the licences for any future developments in this field.
I was holding the share because i was confident good results were coming.I will continue to hold in the hope of some kind of buyout.I don't think this management can do any more with the business.

the buy v sell ratio is interesting somebody still believes in them (as i do). could it be a bargain here?>

still fuming at the rns- after waiting for news for MONTHS- i do however think this fall is overdone and still believe in the comany. for this reason i bought more @23p. am i mad?.

Yes . Most probably. But fear not . For it be a collective thing and affects both Kings and beggars alike ........l used to have an antedote called alcohol. The rest is irrelavent .l dont have a position in this stock myself but even i admit the market has overpunished it . ......or rather the management which are utter PANTS ..,,@+ J

Some big buys late yesterday lizard.I bought a few more myself.

We either need a takeover or better news when the results are released.

the fall yesterday was justified but imo overdone- looking at 30p mark. this could be a blessing and give them a kick up the a***!

reading on another thread that Gartmore have increased holding with further 4m purchase- not on this news or the other thread news service?.