SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Manhattan Minerals (MAN.T) -- Ignore unavailable to you. Want to Upgrade?


To: Gerald Walls who wrote (2616)6/26/1999 8:14:00 PM
From: Jeff Dickson  Read Replies (2) | Respond to of 4504
 
Gerald,

It is even better if you look at it in terms of market cap with fully diluted shares.

It looks like I was wrong about it getting ahead of itself, at least in the market's eyes... I never thought it would hold $6 this week. I was kinda hoping it would come back down, so I could buy some more. The whole SD business happened when I was preoccupied with more important matters.

Ah, if only I had the amount of shares I had in 96...



To: Gerald Walls who wrote (2616)6/27/1999 3:10:00 PM
From: TrueScouse  Read Replies (3) | Respond to of 4504
 
Gerald:

<<the Friday close, while not the highest intraday price (that was on the Monday spike), was the highest close since early October 1997>>

Technically MAN is looking very strong -- if not somewhat overbought. I like the weekly chart a lot:

fast.quote.com

This shows a higher close for 11 consecutive weeks on steadily increasing volume. For the past two weeks, the volume has averaged over 300,000 per day -- around $10 million-worth a week -- so there's lots of interest and significant new money coming in.

The monthly chart still shows resistance around $7 and good support in the $5.00 to $5.50 range. I would still expect it to trade between $5.50 and $7.00 for a while, but if they report good results for step-out holes on TG1 or anything similar to the TG1 intercepts for TG3, all bets are off!

Regards,
Howy