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

To: David McCleary who wrote (23488)	12/19/1997 1:25:00 PM
From: elk	Read Replies (1) \| Respond to of 41046

David, Did you buy today? I want to thank you for the example that you have set for everyone who reads this thread and invest in any company. When your research tells you a price and you believe in your conclusions, stay with them. You did and I have a great deal of respect for you 'sticking to your guns'. Evan

To: David McCleary who wrote (23488)	12/19/1997 2:53:00 PM
From: George Kirlin	Respond to of 41046

David, I recall your TA from earlier months as I concurred with your analysis and also heavily bet that once the S1 became effective the battle between news and converts would drive us down. Looks like it did just that. I concur $3.50 is strong support and $5.00 is resistance. We could trade in the range until fundamentals change the outlook for FTEL.

To: David McCleary who wrote (23488)	12/19/1997 9:09:00 PM
From: Daniel Ortiz	Respond to of 41046

You hit it right on the button. My gut feeling told me to sell at least some of it during that run up to $10.50. Whats so funny is my wife who knows absolutly nothing about the stock market has said to sell 3 diffent times. Twice on FTEL and once on IMDS. I definately didn't apply any trading rules to FTEL. When you're in love (FTEL) common sense doesn't normally pervail. I started learning about TA, and I totally ingnored it. Just the Fibonacci Principal alone would indicated this would have come back down to some level. I personnely would not have thought $3.50. I had starry eyed visions of $20.00 per share dancing in my head. Applying some well discipline trading rules over the last year would have resulted in having double current shares, which would not be to far fetched. I can't remember who it was earlier in the year (Jan-Apr) who bought a position and keep trading, but held onto a core position in case of the big run up, but in the mean time was adding to his position. because of the stocks volitility. I think that person also got some undue grief. I think may be that how its needs to be done. Buy a core positon for investment and hold on tight, and buy a trade position to hopefully add to the core positon or make money. News Year resolution: I promise myself to stick to my trading rules William J. Oneil has rules, Bowser has rules, and Frank Reick has rules. All emotion with no discipline can equal no money. My own 2cents I think Ftel has real potential. Events are going forward regardless of the stock price. A TA question: If FTEL punches thru over head supply at $10.50 then can it be expect to go to $15-$17.50 ? I'm going to learn more about this Technical Analysis stuff. Hats off to you. You took some grief when you called it, and you stuck to your guns. Happy Holidays, Daniel Ortiz