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: Grupo Brad who wrote (28937)	2/26/1998 5:35:00 PM
From: William Harvey	Read Replies (1) of 41046

Thanks, Grupo. For the day, Franklin traded 29.5k at the offer and 19.2k at the bid. The start of the day was brisk. The first three hours saw 7,400 shares bought and only 500 sold. There were two 5k blocks at the end of the day, one at the bid and the other at the offer but the last hour and a half saw twice as much upside action as down (13.5k vs 6.7k). We had a narrow trading range all day but the trend started at noon yesterday continued up. For tomorrow, we have two MMs on the bid and two on the offer but if we bust through 4.56, there's nothing between us and $4.75. The average 'active' MM, ie traded today, is 7.3% above the offer and only 2.7% below it, indicative of our momentum. WH

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