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


To: Jeff Dickson who wrote (3014)7/10/1999 10:33:00 PM
From: Not_Active  Read Replies (1) | Respond to of 4504
 
I agree that the fundamentals will drive the MAN price one way or the other ... these thinly traded stocks are tough to do TA on, as they are prone to big moves spurred by relatively little money (thinly traded to a TA trader is anything under a million shares a day). In fact, its the fact that it is thin that convinces me that the pro traders still aren't looking too close at this one ... especially on the short side. Perhaps a few gamblers betting that MAN doesn't have the goods to support a rising stock price, but they can't be considered the professionals ... just as likely to lose money as make it.

I am going to watch MAN closely next week ... right now I'm looking for a good place to go long into the next news release, but it hasn't convinced me yet that it can hold this level. We shall see ... and you are right, probably not enough shares traded in the $6 region for it to be rock solid support. Monday will tell, IMHO.

Kacy