Manhattan Minerals (MAN.T) Message Board

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

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To: Sailfish who wrote (3565)	8/28/1999 7:06:00 PM
From: Jeff Dickson	Read Replies (1) of 4504

Ray, >a ceiling appeared to be in place at $6...For a moment the >stock did hit $6.05 when FM and IT sold at the same time... >(They both appear to act in tandem for many trades)... house 84, "IT" is an independent trader who bid for the rights to act as a market maker for Manhattan. You'll see that 84 acts in tandem with a lot of trades, as he pads bid or asks in order to complete fills, especially AONs. > MAN probably got it's knuckles rapped by the exchange > because of what happened during the last run-up to ? > $8.50...It was fairly obvious that lots of tongues were > wagging about what the drills were pulling out of TG-3... All that happened was that the TSE halted them when that flood of buys came in on the Monday before the news release. >It is also my opinion that this is once again occurring, >(on a much smaller scale to date) but with regards to TG- > 7... might want to wait for them to drill a hole. >This time around, I believe that FM is making moves to >ensure the same thing does not happen again... All First Marathon did on Friday was sell 850 shares. There didn't seem to be any upward pressure to control, and given that they hold warrants for $6 it isn't clear to me why the would want to put a lid on it. They had two people in Peru, and I'm sure they'd wait to hear from them on Monday before making any further moves.

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