FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.732

-10.6%

2:55 PM EST

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To: Jack Sman who wrote (28722)	2/23/1998 7:53:00 PM
From: William Harvey	Read Replies (3) of 41046

Thanks for the log, Jack. The bid/ask peaked at 11:56. Up to that point there were substantially more buys than sells: 111.1k shares traded at the offer and only 12.5k traded at the bid. We dropped 60% of the day's gain on 42.1k shares at the offer and 67.1k at the bid with the worst part of that coming in the last hour and a half: 5.6k offer to 26.2k bid. Apparently, the drop to 4.687/4.75 from $5.06 was on even volume. The total for the day came to a positive 153.2k offer to 79.6k bid, ie two buyers per seller. Get him, boys! Twelve 5k+ blocks traded. Before 11:56, there were 6 buys (35k), 3 neutrals (20k) and 1 sell (5k). During the decline, most held the line, with 1 neutral (5k) and 1 sell (10k). All in all, folks are holding fast to what they have. "Don't set your heart on your wealth, but never say, 'I have enough'" - The Bible WH

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