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

To: Not_Active who wrote (3032)	7/11/1999 4:13:00 PM
From: Jeff Dickson	Read Replies (1) \| Respond to of 4504

Being a successful technical trader doesn't require that you be able to successfully analyze where the stock is going ... you might not be right even 50% of the time. What it does require is that you estimate, given the price pattern, what you think the likely move is, then after entering immediately place a stop order so that you will be taken out of the trade immediately if it goes against you. Which is why it is difficult to trade a stock like Manhattan. You can wake up the next day with a company that is suddenly worth a whole lot more just because they poked a hole in the ground. Or a whole lot less. Plus, there is not the liquidity to trade it even in the best of times. Constrast that to Cisco or Dell (two stocks that I traded pretty well last year): You can set a stop at a price and be pretty sure there will a million dollars of stock bought or sold there. Although I do understand that there are people flipping thinly trading stock on the VSE these days. Seems a lot of work for beer money.