FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 2.050

-1.4%

3:27 PM EST

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To: Pat Garaffa who wrote (20669)	11/6/1997 2:10:00 PM
From: David McCleary	Read Replies (2) of 41046

Pat, I'd like to see it TRADING at a base price for at least a week or two, so to answer your question my BEST case senario to begin to buy more would be after a week or so at $3.50. FTEL recently broke below a short term support line IMO. Lately it's just been to volitle for me to make any investments decisions. Once all the new investors who have recently flockled to this stock decide where they stand long term the volitility should subside and we should get a better picture of where we will form a secure base. As far as your question about todays activity, your guess is as good as mine, I'm guessing many investors who bought at around $6 are stopping their losses, some long term investors like myself can see this stock hitting $3.50 or so before a long term climb again, still others see today's low as an exciting buying opportunity which broght the price back up. There is not much short term TA involved when a stock is suddenly traded as emotionally as this one is. Varietys of investment style is what makes this sooooooo much fun!<ggg> Dave

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