FRANKLIN TELECOM (FTEL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 1.410

+65.0%

3:25 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jack Sman who wrote (22444)	12/1/1997 6:26:00 PM
From: William Harvey	Read Replies (2) of 41046

Thanks Jack. Interesting. They lowered the bid at 3:26 and received 6 trades of 7,500 shares total (15% of the day's trades) at the bid and then a couple of ask trades at 3,000 shares total and then they raise the bid. (57% of today's total shares, 32k, traded after 2:45 but only 10% of that was at the asking price.) Once again we've got three MMs on the ask vs one on the bid. The majority needs to fan out. 'Thick as thieves' comes to mind. Technically, there should be as many on the bid as ask. What they're saying is "make the price come down". It's outright collusion. I wonder if there are ever more than four 'active' MMs taking a position. WH

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next