FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.808

-2.7%

10:34 AM EST

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To: Seth L. who wrote (40421)	1/27/1999 4:42:00 AM
From: zonkie	Read Replies (1) of 41046

I don't have any questions that I want to be given the run-a-round about right now because at the present I don't have enough faith in the future of ftel to be thinking of buying in. But-----> Right before the big and quickly over runup I put a limit order in for FTEL at 1/8th below the price it went down to right before it went to 10. When it skyrocketed to over 10 in such a short time I could have kicked myself but i've always been more of a bottom fisher than a momentum player so I stayed on the sidelines. After a while it came back to it's original trading range and I was still following the thread and still looking for what I thought would be the bottom. When it traded from 2 1/2 to 3 1/2 for a while I had several buy orders in at 2 1/2 that were never filled. When Peters filed to sell 639,300 a year ago yesterday It made me think, hey whoa z........ if the majority stockholder is selling this amount of shares it is a major red flag. If he sold, which is what most knowledgeable people say you should assume when somebody files a 144, after all, why register the shares if you aren't going to sell. I feel it is a bad sign for people thinking of investing in a company to see insiders sell such a large amount of shares. If Yahoo is right biz.yahoo.com and if he sold all of the shares he registered his proceeds were $3,196,500. Since then he has bought (as of sept. 28 and according to yahoo) 640,000 shares. Has anybody stopped to figure out the profit he made in 1998 from these 3 transactions? Not counting any payments received in stock for loans made to the company or options cashed in, or any other way that he could increase his percentage of ownership of the company he ended up with the same amount of ftel at the end of the year but made bundles of money by making a few trades at the right time. If he thought ftel is such a great buy in August and September when he purchased the shares back that he had sold in Janurary then why didn't he spend more than such a token amount of the money he had gotten from his previous sale? Good luck with your investment in ftel, I hope you do well, but for the time being I won't be buying and I didn't buy when it dropped to under 50 cents recently. Please don't think this is the only reason i've stayed on the sidelines. z..................

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