FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.732

-10.6%

Nov 19 3:55 PM EST

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To: Jack Sman who wrote (28560)	2/20/1998 6:46:00 PM
From: William Harvey	Read Replies (2) of 41046

Thanks, Jack. We saw 29,400 shares bought at the offer and 54,100 sold at the bid in the first 16 minutes. At this point we'd bottomed out at $4. The trading included 4 big blocks at the bid, totaling 40k and including a 25k block at $4. From 9:16 to 3:15, we had 40.4k at the offer and 18k at the bid! There were only 2 blocks after 9:46 - 10k to sell and 7.5k to buy. Attention must be paid to the tape at 9:48, where we went from 4.09/4.18 to 4.21/4.25 without a trade. You can't direct a marching band that way! Why did the MMs have to jump ahead like that? I don't know. Have a nice weekend, all. BTW Jack, what happened after 3:12? WH

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