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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 3.280-7.5%3:59 PM EST
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To: Stephen B. Temple who wrote (3150)1/29/1997 1:49:00 PM
From: topwright   of 41046
 
All, what we have just witnessed is sheer unadulterated strength. The MM's tried to shake the loose coconuts, was able to cover up thier shorts, collect a few shares for inventory, and now are ready to play ball again.

I figure 120 to 140k in shares were covered up at under 3.50, avg of about 3.34 so that means we can move back up to 3.84 before they would start shorting into the buying on half that number of shares. That means we could break out on buying at about 350k to 370k shares of volume.

Were strong as Georgia clay.

RB
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