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Gold/Mining/Energy : Manhattan Minerals (MAN.T) -- Ignore unavailable to you. Want to Upgrade?

To: Not_Active who wrote (2630)	6/27/1999 7:06:00 PM
From: TrueScouse	Read Replies (1) \| Respond to of 4504

Kacy: Interesting analysis.... I don't disagree with it at all. However, I only use end of day data myself so I don't feel very qualified to comment on signals based on 60-minute bars. As I've mentioned before, I tend to use fairly simple, medium- to long-term TA systems and put most of my energy and research into money management. I think the only thing I might question in your analysis is that I wouldn't necessarily see it as bearish if MAN went to a new intraday high and then fell back quickly. Given the volume we've been seeing, I wouldn't be surprised if that happens and then MAN moves to new highs a few days later as positive news is "brewing". The way you trade this thing all depends on your timeframe, equity situation and risk tolerance, IMO. If you only have a small percent of your pf in MAN, I would hold for a long time yet. However, if (as in my case) you have more than you should have [don't tell CC <g>], you might be looking to these obvious resistance levels as points to take profits and bring your position to a more reasonable percent of your pf. I agree with Claude, btw, that it could easily sail straight through $7 and head for $10 on the right news. I would be delighted with that, even if I'd sold some at $7!! Another point to ponder is that if someone like me is selling some at $7, then hopefully someone with richer pockets is buying it from me and aiming to sell it at $14 <g>. Exciting times ahead for MAN. Regards, Howy