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


To: Claude Cormier who wrote (3023)7/11/1999 1:19:00 AM
From: James N. Wilson  Respond to of 4504
 
<Maybe $6 will hold after all. Will see next week>

It seemed that mid -session Friday might have been a turning point from the 3 day selling frenzy.

From 5 levels the bid side $6.00 -$6.20 orders for 59,100 shares with offers $6.25 - $6.45 for 24,000 shares.

Needless to say, next week should be interesting.



To: Claude Cormier who wrote (3023)7/11/1999 4:58:00 AM
From: Jeff Dickson  Read Replies (1) | Respond to of 4504
 
> And I understand there are other houses with similar reco.<

Nesbitt-Burns, Wood Gundy, and First Marathon. I guess the last one really isn't a big surprise...

Looking at the chart the correction doesn't look that like that big a deal. In any event, MAN has a habit of moving up soon after giving you a good kick in the stomach.

We're at $6ish: this time last month MAN was below $5, and had no gold in the oxide cap and TG3 was just a blob on a map.

For the week, Nesbitt was a net seller of 44660 shares. However they had the largest trading volume on both sides 227740 on the buy, 272400 on the sell, so is tough to draw any conclusion relative to other houses on that. Greenline was the largest net seller: 111K shares.

The folks at First Marathon, a name that pops up consistently in Manhattan's financings, was the largest net buyer: 89K shares. They bought the most buy a huge margin: 283550 bought vs. #2 Global at 68000.