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.

canada,

methane capture From Mines is not.Sorry missed a bit.

eggbert

Have a look at www.organic-power.co.uk, cars that run on methane.

Alkane Energy getting interesting again at 16.11p to buy...........just had a small bet to add to my holding, but will top up further if it falls below 15p. UK growing profits, but upside will depend on whether German operation can turn increasing sales into profits. DYOR

ITS FRUSTRATING BUT WITH THIS TYPE OF COMPANY ITS ALWAYS GOING TO BE A LONG TERM HOLD- A MAIDEN FULL YEAR PROFIT IN 2006 IS IMO WHAT IS NEEDED TO TURN THIS RECENT POOR PERFORMANCE AROUND.

BACK TO LEVELS NOW BEFORE THE RNS ON 3 MORE CMM PLANTS ON STREAM SO ITS PRETTY ANNOYING.

http://www.fool.co.uk/news/investing/company-comment/2006/12/21/go-green-and-maybe-make-money.aspx

todays article.

a maiden profit will starts these off again.

i was thinking of buying some more before they clicked up.this share could quite easily double.

they must make a profit this time,especially with the latest capacity on stream.

agree- interest picking up and rightly so aiming for 30p short term. the recent acquistions and increased output will move company forward.

interesting stock this. could do ok in 07.

on the move good article that.

Canary 9
Just had word from Nat West Brokerline that they do not any longer consider Munich a suitable market for ISAs. This despite 6 months of questions from me and twice confirming once to answer yourself.
Matter going to Ombudsman and FSA but I will not hold my breath!
Proving that the company are negligent or unprofessional involves access to institutional and financial points that only insiders can process. In order to show that they were aware prior to this for ALK or prior to the Berlin Bremen decision previously.

results 21st march. can they deliver maiden profit?.

Was drawn to this by title of the thread. Zak not quite correct then. LOL

not yet big al we have been waiting for them to deliver a maiden profit. if they can start this month then we may be on the right tracks.

I know they own the acreage around where I live so I tend to look every now and again how the price is doing. To my nkowledge they've not drilled here.

is it coal mine acreage then?.

Yes, just SE of Edinburgh. Someone did drill around here a few years ago. There's evidence of coal mining around here from the 18th century as it is very close to the surface.

at last maiden profit for Alkane Energy!.

Good morning lizard !, nice results, long term hold, one for the pension plan now.

good step forward canada1- encouraging results!.