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

-11.2%

Nov 4 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stephen B. Temple who wrote (3124)	1/29/1997 11:21:00 AM
From: topwright	of 41046

All, Don't get shaken, this is just going back and filling the gap, the institutional buyer ( Cantor-Fitzgerald) should be showing back up on the bid soon. This is what I have been looking for, C-F making the original buy in, then will use any fluctuations to average in the rest of his position. I was reading a book, a while back that said that institutional buyers usually come in for 25% to 35% on original buy in, then use very judicial trades thereafter to average in. Good lesson, there. We should firm up here in the 3.19 x 3.31 level, then retrace back up to the 3.56 level, this would complete the gap fill in, and set us up for the next stage of the staircase up pattern. Our next level of resistance shoule be in the $4.50 to $5.00 level. Use this as a buying opportunity in front of news. RB

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next