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

To: Jeff Dickson who wrote (3034)	7/11/1999 4:32:00 PM
From: Not_Active	Read Replies (1) \| Respond to of 4504

I'm not sure what your point is concerning dilution and charting. All other things being equal (ceteris paribus, a phrase us economists love), a stock with a small float will trade much more erratic than a stock with a large float and be subject to rapid price movement in both directions. This is the case for the internuts, whose IPO's were structured very tightly and where, in some cases, the float is completely traded every couple of days. Thus, as a stock becomes more diluted, it will tend to trade smoother and be easier to TA. And as far as the $8+ price data, yes I do believe it is valid, mainly because it represents what was going to be classic blow-off trading action that is seen all the time in stocks that are "in play." However, in MAN's case it got cut short by the NR, or who knows how high it would have gone (perhaps up to the old highs). That half a million shares (or whatever it was, I don't have the exact data in front of me) that was bought above $8 will hit the market when price reaches near that level again, and that will at least provide a hesitation to price movement, and thus resistance. Kacy