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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 1.0300.0%10:09 AM EST
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To: Ken Salaets who wrote (12882)6/27/1997 4:19:00 PM
From: topwright   of 41046
 
All, FTEL close for the day 2.375 x 2.44 on 60800 off .06

I feel you will see the price, right itself, in the weeks to come.

I say this because each downside move has been on less volume and the MM's have been fast to close up the bid on even the slightest buy side action. This would indicate to me that the weak hands have been shaken of their shares and the real accumulation will soon follow.

In the interim we are establishing a trading range and what I would refer to as the "doldrum period."

I continue to feel that a close monitoring of the alliance partners will bring forth the answers that we all seek.

Have a good weekend.
rb
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