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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 3.380+10.8%3:59 PM EST
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To: topwright who wrote (2123)1/16/1997 4:51:00 PM
From: Dwight Schwarz   of 41046
 
That's a head fake huh. My much less skilled interpretation was that there a lot of followers of FTEL that have seen FTEL's stock price rise on anticipation of news over the past 12 -15 months. Almost always after the news came out the price dived. The DCTC meeting in Ohio was the finest example of this. That's the last time this happened. Many less experienced investors hung on to our shares and slid back to our entry prices or below. Maybe just maybe some of them learned I hope so and sold on the news. I know I am still to cautious/dumb to do this but according to the tape some did.

Sells at 15:27
1,700
4,000
21,500
3,500
Sells at 15:33
7,000
1,000
6,000
Sell at 15:48
28,900

Total buys in this same period was 19,000.

Sellers were selling in the last 1/2 hour 4 to 1 over buyers.
The sellers didn't seem to be the little nervous nellie type. They sizes of those sells were much larger than the average buyers of the past week. Maybe it was MM's trading inventory. I prefer to think it was an individual investor that was smart enough to sell on the news and
sit back tonight and know he has a cash profit it his/her pocket.
Maybe one day I too will pull the trigger and enjoy the cash instead of the ride. Just my opinion. I for one won't blame the MM's this time.
Maybe next time.
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