FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.659

+1.4%

Nov 21 9:30 AM EST

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To: VALUESPEC who wrote (36131)	7/14/1998 5:26:00 PM
From: Kenneth Yeh	Read Replies (1) of 41046

Off Topic: Valuespec, just a bit of advice... Take a look at TRII (Transcrypt International). They were traded on NASDAQ and had similar problems to CD. In fact, their situation was nearly identical to that of Cendant. They dropped from about $25 about 6 months ago to $4 today. They were delisted from NASDAQ due to the late filing of their 10-K report. (I believe their ticker changed to TRIIE - E means deficient). In any case, I lost a lot of money on Transcrypt International. They were very profitable and had solid fundamentals. However, they underwent a merger and had other accounting problems and eventually, turmoil hit. The point is, when there is fraud involved, the stock price will drop regardless of fundamentals. NB Montgomery sold a one-million (1,000,000) block of CD stock yesterday to drop it from $22 to $18. Today, Merril Lynch sold off huge volumes of their stake in CD to drop it to around $15. Bottom-fishing CD is not a very wise move right now. Look at the indiviuals who bottom-fished CD around $20-25 a few months back when the first signs of problems occurred. My experiences with TRII has led me to stay away from bottom-fishing companies with fraud and accounting problems involved and to never fight the momentum. Many times, fundamentals are not as important as momentum...as you will probably see with CD. Good luck. -Kenneth

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