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

To: TrueScouse who wrote (3081)	7/13/1999 12:48:00 AM
From: Not_Active	Read Replies (2) \| Respond to of 4504

Howy: I didn't exactly say disaster ... I believe "wreck" was the word, and from a technical perspective I stand by that ... although its true that you and Claude are looking at this current level as a 50% retracement, let me suggest that your reference base should not be the recent lows, but at the very least the break above congested resistance around $4 .... and, in a purely technical sense, the breakout of the flag just above $6 should be considered the latest move up and used as the base for short-term retracement measures. The price action will tell us the real story, of course, probably tomorrow ... and it wouldn't give me a heart attack if this dip has put in the lows given the coming of news. But, I believe the probability is against it .... my opinion, of course. Kacy

To: TrueScouse who wrote (3081)	7/13/1999 12:53:00 AM
From: Elizabeth Andrews	Read Replies (4) \| Respond to of 4504

I know zero about technical analysis except that this doesn't look like a power chart to me. Especially when there is material information that is probably available and the market doesn't lie very often. If the results were good, that is economic, the cap value of MAN would be higher I think. The stock has traded 1.950 million shares on the downside in the last 5 days. The best upside day was only 580k shares the day before the halt. Who got hooked here? And sure today may have been some sort of selling climax but the next move is likely to be down after the rebound is over because the move always anticipates the news. If the move is basically negative now, it is likely to be more so when the news is released as the current mark down in the cap value is telling me that the news ain't that great. If the stock were to rise to the day of the release and then correct after the release that would be normal but it probably shouldn't sell off now in my opinion. How else can greed based on knowledge be expressed? Buy when you know it's worth more and sell when you know it's worth less? The old adage but with knowledge that you and I don't have or get.