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Technology Stocks : FRANKLIN TELECOM (FCM)

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To: detroit denny who wrote (2539)2/7/2000 4:54:00 PM
From: john w. toigo  Read Replies (1) of 2891
 
Detroit Denny - Thanks for the update. Still wondering what ever became of the WCOM co-location PR released years ago. Today's market action suggests something very positive on the horizon. Move to 2.75 is a technical breakout that places the price above the Bollinger Bands set at 3 standard deviations. That means the probability of today's trading occurring by chance alone (normal trading) is less than 1%. Looking at the charts for the past year, technical moves like this took us to the 4-5 range on two occasions. That looks likely to me following today's move, so tomorrow will be an interesting day. Maybe the earnings announcement Helen mentioned is positive and got leaked? Long but very impatient with management.
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