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.

still poor volume though keyersoze- could do with a positive update or something.

Agreed Lizard but its a step in the right direction after constant days of sells and not a sniff of any buys at all.If you dont mind me asking Lizard what other stocks do you hold?

Keysersoze

recent two are costain (cost) and high risk gold oil (goo).

Lizard do you have any views on Dowgate Capital (dgt) as this looks by far one of the best up & coming stocks i have seen have a look and let me know what you think i bought 2m@ 0.050p.Will look into your 2 investments later on tonight.

Over & Out

Keysersoze

this really is having a sh!t run at the moment!-

NO SH1T Lizard after the rapid climb earlier this year i didnt think it could fall so fast the bottom seems yet to be reach. Also no encouraging news no steady buying just constant sells !!!

what is also very annoying is that when we were trading in an aggressive uptrend they released an rns stating sees no reason for sp movement- yet when we have a fall of nearly 60% they say f all. they need to play the mtk better- an encouraging update or something?. TRYING TO KEEP THE FAITH KEYSERSOZE!.

Use the force young JEDI the force will be strong !!!!!! hang on in there.

Keysersoze.

The force is not very strong Lizard
Parachute ready for deployment Alkane is taking a very big hit of late for no great reason...
Will be straight back in as soon as the price starts heading positively in the right direction or some long awaited news.....................

Keysersoze.

i am spitting blood at the moment- what the f**k are we doing down here?- i am thinking of phoning the finance director to see what is going on. have we missed something a 60% drop is huge?.

Well all I can say Lizard is get on that blower let me know first what he has to say for himself and if things dont look more upbeat Ill let you have my reserve chute!!!!!!!!! I cant hang on much longer even though I have great faith in the potential of this company I will be back for sure but for now its looking like over&out for now...

Keysersoze............

emailed him -out of office today will post response.

Thanks Lizard great work I would buy you a pint or maybe just half in this current clinate but who knows!!!!! 2006 if the results are good it could possibly be a pint and a pickled egg.
Do you contact companies very often? Do they try to be helpfull when speaking to them or just say what they think you want to hear. Who would be the best person to speak too?

Keysersoze......

Lizard my good man have you had a response back from Alkane yet. There has been some very big sells today but the price has gone up do you think this could be Apax Partners off loading again possibly and some one else ready to fill their holding possibly let me know your thoughts.

Keysersoze.

yes he responded quickly. -more a less stating what he said before about profit taking in small volumes after such a big rise. although today more volume. alk could do with a statement in similar fashion to bfc got today. uk cmm legislation is what would be good!. i don't think the mkt likes limited news flow like alk are giving especially after average results last time. i emailed back saying we need an encouraging update to gain investor confidence again. although k we should not forget we are still well up in% terms yr to yr. sitting on a hefty loss myself but still optimistic long term.

Thank you Lizard for the prompt reply Agreed volume is a lot better but look at the ratio Sell 1.8million buy 160k some very big sells.Do you or any one else know when a RNS report is released saying that some one has an interest in X million shares or so what is the timescale involved to purchase these shares if any.Or do the market makers drop the price to buy cheap for their client then when they have their allocation does the price go back up again.

Keysersoze..

k -mm move the price wherever they wish to fill orders. you only have to release a rns in you have an interest or disposal of 3% i think. the tricks yesterday confirm the bid was at around 23.5p may be to attract buyers or clear out a seller.

k- seems like only two of us on this thread- i use advfn also. if you do there are a couple of encouraging posts this pm. better thread
.

Seems that way maybe most people had sense but i nearly bailed at 0.23p yesterday.Have to make the choice of keeping ALK or YOOMEDIA ARGH!!!
Monday I Have to decide which one stays which one goes. Whats advfn lizard ? Please point me in the right direction.


Keysersoze.

Lizard found it I am on the case right now.

cheers,

Keysersoze.