FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 2.440

-7.6%

Jan 30 9:30 AM EST

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To: topwright who wrote (2137)	1/16/1997 7:37:00 PM
From: Darrel Orpen	of 41046

Upside pressure on price is the way I see it, agreeing with your call Raleigh. In the last half hour there was a volume of 41,100 shares traded with only 9,400 going to the bid, i.e., selling to the MM. 10,500 were to the mid and 21,200 were buying at the ask from the MM. We'll see this move quickly back to 2.30 bid and higher tomorrow. The news accompanying the financials will be cause for a lot of investment money to start paying closer attention. As Vic was kind enough to put it, when the structure is in place for full board listing supported by national financial institution(s) and increasingly positive fundamentals keep getting announced, the current $2 price will be an amusing memory we'll share with our friends!!

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