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 2.150

0.0%

10:02 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stephen B. Temple who wrote (3113)	1/29/1997 11:03:00 AM
From: Jack Sman	of 41046

Stephen - The only TA trick I keep up with is the 'cup and handle' i.e. Investors Business Daily. The way it works is that the stock price will reach a new high (which FTEL did on 1/24/97), this forming a 'cup' and then the stock consolidates for a few to several days forming a handle. This chart pattern is often times followed by very rapid and long term increases in price. So in my mind, this consolidation is positive. Sort of the coiling of the spring. I placed a buy order at 3.50 hoping to scoop up some shares there and if it drops further I'll do the same.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next