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


To: Marvin Mansky who wrote (20951)11/10/1997 9:08:00 AM
From: elk  Read Replies (2) | Respond to of 41046
 
Rb, David mcleary, All How do you factor in the $4-$5 purchase of this many shares into the charts? I know the market is no place for logic<GG>, but doesn't it seem obvious that our support level would be whatever these big players purchased at?
If they bought at $5,for instance, I would think that they would do whatever is necessary to ensure that the price stays above that level. I know this seems to make make sense, but am I wrong or mis-reading the situtation?
Thanks,
Evan