FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.810

-15.2%

3:59 PM EST

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To: Jack Sman who wrote (36498)	7/22/1998 5:19:00 AM
From: William Harvey	Read Replies (1) of 41046

Thanks for the log, Sman. We had about 31 minutes of 1/32 spread yesterday (up to 2:20pm) as opposed to 3 hours the day before but there were 14.5k shares traded that were matched so it looks like the MMs tried to accommodate. For the first time in weeks, sells outnumbered buys in the first couple of hours. By 11:45, it was 8.4k/offer vs 56.1k/bid. At that point there was a mind-throttling 22.9k/offer in 15 trades without a sell including a block of 10k. From then to the end of the log, it was 13.7k/offer vs 33.4k/bid. Up to 2:20, there were 45k/offer and 89.5k/bid with 15k/offer in 2 blocks and 36k/bid in 7 blocks. WH

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