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.

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!.

cana- happy to hold now that is a big step first profit for the group.

Great results lizard,

Alkane has proved it has learned from its experiance (not mistakes?).I liked the move to sell licenses and swap assets,gaining over 500,000.

Also holding off on new sites to see what happens with energy prices.
Alkane is a lot more flexable than it used to be.Generation plants can be moved to suit conditions.

Alkane could be looking to merge with or buy another firm.Abiogas firm would be a good fit.

i like the bit in results about prospects. many options on the table.

believe we have some director buying today.

I'm disgusted with you lizard, alk was 20.50p to sell when I went off for the day and left you in charge, what have you done?, 18p now.

the sp is bloody annoying. will hold though after this major step into profit.

short termers selling on news.

More like "long termers" forcing the price down!

?

Post 47