FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 2.050

-1.4%

Feb 11 3:27 PM EST

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To: David McCleary who wrote (20658)	11/6/1997 1:13:00 PM
From: Pat Garaffa	Read Replies (1) of 41046

Dave, You mentioned testing new lows and settling in around the 3.50 range (worst case). What about the big drop a few weeks ago when it tanked all the way down to 5.25 and then closed around 7. The next day it again slid to 5.1875 and closed in the high 5 range. Yesterday we went to 5.00 or 5.06 and then closed at 5.25. Do these qualify as "tested lows" or does it need to trade in that range to qualify as a higher low when using your method of TA? If yes, how do you justify todays activity?

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