Manhattan Minerals (MAN.T) Message Board

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Gold/Mining/Energy : Manhattan Minerals (MAN.T)

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To: TrueScouse who wrote (2289)	6/17/1999 11:15:00 PM
From: Jeff Dickson	Read Replies (1) of 4504

Personally I doubt that any support levels derived from the chart are valid now. There are warrants at $6 that I'm sure some people would like to see in the money. Since that same group also controls a lot of MAN stock, and have demonstrated long term thinking, it isn't clear to me that they will shake it down now. In addition, they also were involved in financings at the $7 and $9 level, and the stock didn't hold on after the BRE-X detonation for them to have much chance to profit. Spending 1998 at $3 +/- $1 has really put the stock into strong hands. While it is likely that profit taking will occur, it was also likely the first time MAN rose above $4. MAN only consolidated and then doubled in a short time. Sure it was a much better market then, but that also meant that there were lots of other plays at which to throw money. The ability of MAN to trade at $5+ is very encouraging, and even if we get a fallback here I continue to expect to see new buyers as opposed to old sellers. Nice to see more talk about MAN on the MAN thread than on other threads for a change! :)

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