FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 3.220

-1.5%

Jan 16 3:59 PM EST

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To: Jack Sman who wrote (28868)	2/25/1998 6:13:00 PM
From: William Harvey	Read Replies (2) of 41046

Thanks, Jack. FTEL went through three stages today. From opening to 10:30, there were 14.1k on the offer and 8.6k on the bid though the range basicly stayed the same. From there until 1:00 we had only 5.7k offer and 23.5k bid including a 5k sell block at 1pm. Interestingly, at 11:40 there were three largish sells, totalling 5.5k and the MMs raised the bid a tiny bit! From 1 to the close, things slowed down but they were nearly all buys: 9.7k offer and 2.5k bid with a 5k block splitting the range at $4.370 (!). As you can see from the 10-day chart: tscn.com we are nearing the support level as you can drive a straight line through the rally points. I'm at a loss as to why yesterday's press release hasn't brought in lots of buyers but let's face it, today there were allegations about why the CFO was dumping shares (when he wasn't) and FutureNet was losing 34% hopelessly confusing those new to Franklin. Let's hope that the rally of today's last three hours continues at 9:30 tomorrow. WH

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