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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 3.380+10.8%Jan 22 3:59 PM EST

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To: George Kirlin who wrote (23486)12/19/1997 12:21:00 PM
From: topwright  Read Replies (1) of 41046
 
George, I'm with you on this one. Like water, Franklin will find it's own level without news. $3.50 from a tech standpoint looks like a strong support level, and may well be.

I'm actually hoping that Frank doesn't waste an annoucement in this market environment as it surely would be wasted. I'd much rather Franklin find it's support level, renewed interest came back in on it's own fundamental merits, and then see a series of annoucements that confirm the technology.

I'm not a seller or a buyer in this market, other than cherry picking a few primo stocks that I feel have no exposure to Asia, and have a lot of earnings or revenue momentum going forward.

Other than that, my year is done.

Ignoring all this whipsawing and general market negativism is probably the most prudent action anyone can do. Sit on your hands and keep them warm, as I'm sure opportunities extraordinaire will be presented in the weeks to come.

Eggnog anyone?

RB
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