Ayoung stockbroker, alex, was rather overwhelmed by a flood of new clients. michael, one of his clients, had purchased xyz corp. stock through the alex at a price of $35 per share. the price had gone down to $29 by the time michael telephoned his broker. michael told the alex that he wanted to sell the stock if it went below $30 and inquired as to the price. alex did not check the price, thinking it could not have fallen below the $30 threshold. he simply reassured micahel that it was still "in the low 30s." martha, michael's cousin, also had purchased xyz stock at $35 per share and made a similar call to the broker and received the same response. martha, however, coincidentally saw the price on a stock ticker tape when she hung up and realized the broker had made an error. both michael and martha held the stock and did not sell. later that same day, the stock price fell an additional $7 per share. facing sizable losses, both michael and martha decided to sue for fraud when martha told michael of the broker's misstatement. discuss the probable outcome of the lawsuits.