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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: J3:16 who wrote (20918)	11/9/1997 6:32:00 PM
From: vic klimpl	Read Replies (1) \| Respond to of 41046

my I make a humble suggestion. you have asked many questions on this board suggesting that you have limited experience in the stock market. I wonder how you have come on an absure bb stock from this position of extremely limited experience. Please get yourself an experienced stock broker at a big house like merril and learn these things from a professional broker who has studied and passed very demanding tests to get his or her licence.Although you will pay higher transaction fees it will be cheap in the long run.After that when you understand the market better you then should move to discount brokers when you only pay for transaction fees and not advice. I and most on this board should not presume we are experts to give advice on the intrasices of the market mechanisms.

To: J3:16 who wrote (20918)	11/9/1997 6:37:00 PM
From: SoliRA	Respond to of 41046

D. Thompson I'm not a serious trader, although I now know what "DD" means (thanks elk). But, in rough terms a "stop loss" order works this way. On E-trade, you set a price somewhere below the current market price, usually somewhere 10 to 20 percent below. Then if the market price hits that price, an order to sell automatically goes in. It usually will be around the price you set, although under some circumstances it can fall lower. The idea is that it serves as safety net - you won't lose too much if the stock falls tremendously. Unfortunately, sometime the stock falls just enough to touch off your sell order, and then goes back up. More unfortunately yet, some automatic trading services - including E-trade, don't handle stop-loss orders on FTEL because it doesn't meet their criteria. When FTEL is listed on NASDAQ, this should change. Bob.

To: J3:16 who wrote (20918)	11/9/1997 7:39:00 PM
From: Angler	Respond to of 41046

d.thompson: I notice that you have just come on this S.I.thread since Oct. this year. You should follow someone elses suggestion and get some knowledge of things from a regular broker or a good library book. For instance, discount brokers won't accept stop loss orders on O.T.C. stocks that I know. Some full service brokers will but their commissions make it almost impossible to deal in cheap stocks even on a volume basis. Stop loss orders per se are designed to save your loss below a certain price level that you set, but they don't always work. Unfortunately, many full service brokers are even reluctant to put you into a Bulletin Board stock w/o a waiver or letter of authorization from yourself especially true of penny stocks. So be careful. You're down in the basement were stuff is sold "as is". Angler

To: J3:16 who wrote (20918)	11/9/1997 7:44:00 PM
From: Jimi Plym	Read Replies (1) \| Respond to of 41046

Here's some links for your general education. There's many more, but these are some of my favorites: The Investment FAQ: invest-faq.com For example, they answer your question: invest-faq.com Motley Fool school (They have an investment guidebook available at most bookstores or libraries - it's a good introduction): fool.com Peter Lynch knows how to pick large companies, but also knows how the small investor can do better picking the right BB stocks. He also has written several easy-to-read books on investing, widely available: worth.com Hope this helps. These should not only answer the questions you've already asked, but also will help you understand most terms that people use on these discussion threads. Wishing you success in your investments, James Thanks to RB, Vic, et al for helping me have my first 5-bagger with FTEL. Looking forward to the next year and beyond...