FRANKLIN TELECOM (FTEL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.737

-4.6%

Dec 11 3:58 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Pat Garaffa who wrote (37710)	9/15/1998 5:09:00 PM
From: Steven L	Read Replies (1) of 41046

It's really not that hard to figure out, the mm's are just drumming up business, they could care less if the stock is at 1.00 or 100 as long as they can buy and sell shares at a profit. If they can head fake a few into selling (panic) because they lower the bid a couple of pennies, the better for them because the next move is to raise the ask a couple of pennies and sell the stock they just bought. Basic capitalism, buy low and sell high and do as many transactions as possible. As long as we are in these dog days with not much happening, this is the action we will see. I believe the MM's will be more than anxious to raise the stock price with any buying pressure= more profit for them when they sell the cheap shares. But for now, we are at their mercy, the trick is not to panic. Remember, "buy when there is blood in the streets" It's damn hard to make money on a stock when everyone already knows it s a successfull company. You have to believe in your investment in order to stay the course. SL

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next