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

To: menanna who wrote (2881)	7/6/1999 3:00:00 PM
From: Andrew Cook	Read Replies (1) \| Respond to of 4504

Anna: At any given instant in time, a stock's quote should generally reflect the fair price given the relationship between the number and volume of shares on the buy and sell sides. Usually, without extenuating circumstances the closing and opening prices are relatively stable. However, when unusual circumstances occur, there can be tons of sellers and few buyers. Market Makers (these are the guys "theoretically" responsible for ensuring orderly markets) look for a balance between buy and sell orders before beginning trading. What happened this morning with MAN was that the News released before the open triggered many people to become sellers. This is not particularly surprising given the somewhat debatable impact of the news released. The Market Makers kept looking for a price where some buyers would come in and absorb the selling and the result was that the stock opens the morning at $6.75. I'm not certain what your brokers arrangement with you was on the sell. However, market orders under the circumstances that occurred this morning often result in just what you describe. Regards, Andrew

To: menanna who wrote (2881)	7/6/1999 3:58:00 PM
From: Claude Cormier	Respond to of 4504

Hello Anna, These mining stocks (and others like the nets) are very volatile. The bid-ask is continuously in movement and depends on the numbers of buyers and sellers. Given the large increase Friday, it is only normal that we see a correction today especially with a NR that needed a follow up. Now if you put a market order to sell so many shares ath the best prices... well you were not f... That is the game. Consider that you got a good profit out of the transaction. You still own shares!! Fine... so you can still profit if we get the grades we want. CC

To: menanna who wrote (2881)	7/6/1999 4:17:00 PM
From: TrueScouse	Read Replies (1) \| Respond to of 4504

Hi Anna: Long time no see! Just to add to the other responses, it may depend on whether or not you used a sell stop. I don't know how it works on the TSE, but on the futures markets a sell stop becomes a market order when it gets "triggered". If that was the case, then what could have happened this morning is that the first transaction of the morning ($6.70 or whatever it was) was below your stop, which then immediately became a market order. This would then be filled at the best price they could get for you at that point. Hope this is clear, even if it's not the best news :^( But it's never a bad thing to take some profits. There's lots of other good bargains out there to re-invest in <g>. Howy