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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 0.554+13.1%Jan 2 9:30 AM EST

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To: Jane4IceCream who wrote (39075)11/2/1998 6:24:00 AM
From: William Harvey   of 41046
 
Modern market analysis states that it's 'ok' for a company to lose half of its rally. Franklin dropped to $5 in about an hour....I know, I was out on a fire drill at the time. The Intrine order came out and the next rally took us to $8 1/2 so market analysis would imply that maybe a drop to $7 was in the works.

Don't get me wrong. Franklin's formation is turning out about the same as that in September of last year, up 150% from its low. So, a little sideways movement wouldn't necessarily be a bad thing right now, would it? I'm enthusiastic that we're going to have another good day in the market today. Lots of wonderful articles about small caps in the business weeklies and WSJ. Lots of folks are looking for small caps now, preferrably PE's in the single digits or revenue twice the market cap. Foreign markets are doing fine this morning, too. What the heck, I've won the lottery. I can wait. geocities.com

WH
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