FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 3.520

+4.5%

Jan 23 9:30 AM EST

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To: Gary R. Owens who wrote (23542)	12/19/1997 8:49:00 PM
From: David McCleary	Read Replies (1) of 41046

Gary, when to buy back? Isn't that the million dollar question? People have been saying it's time to buy since $10 when there were predictions it would soon hit $12, then again at $7 when I was being bashed for predicting $3.50! On a technical basis if we can keep our heads afloat above $3.50 next week I'll be a buyer, this is in no way telling you what you or anyone else should do. I'd initially reinvest a quarter to a half of my allocation and wait to see what happens with support lines before investing the rest. If we break below $3.50, which I doubt will happen, we should see a QUICK (within a couple weeks max) decline to $2.00 (based on TA). This is why I'd be hesitant reinvesting 100% of my allocation before being absolutly certian that we've hit the bottom. I am, however, comfortable reinvesting a portion at these levels if we can hold into the end of next week. Happy Holiday's All! Dave

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