FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.700

-5.0%

3:32 PM EST

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To: Giora Zeevy who wrote (35833)	7/10/1998 1:50:00 PM
From: vic klimpl	Read Replies (3) of 41046

giora, I to have been around a bit. I remember 1996 in nov.-dec. and while ftel was deploying there isp and we were all signing up for service and reporting to this board about the superior quality the stock did nothing but go down and down and down.Why who the hell knows, but someone profitted by it. The big buying by those on this board did nothing to prevent its downward drift.Heres how it works.The mm or whom they represent knows the company is on the verge of big things.They want a large position 1/2-1 mil plus.They hang out a huge block for sale just above the bid and effectively put a cap on it.Some buying comes in from time to time 5,10 m20 k and what they do is jump the asked quickly without raising thebid much. You want the stock pay through the nose.This also effectively stops upward pressure. All the while they try to induce selling so they pick it up on the bid as they drop it away.They use shorting techniques and every other trick of the trade. They cant lose because people will sell out to them and there is no fear of huge buying coming in from institutions. Thats why mms have a licence to rob on the bbs.When will it end,when they have enough and like magic it starts to pop up on very little volume and you scratch your head and say how is this happening.Or one of the many big people the company is talking to about fnet finance takes a look at the bargain price the parent stock is selling for and starts buying a few hundred thousand shares or so.They may time there move to conceal there game(though they usually dont give a dam)by timing the upward move with co.announcements instead of stepping on the announcements.Any rate the game is now in the end game stage and after 6 months of trading below every moving average the future from even a stock price vantage looks far better than the past.have a nice weekend.I will.

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