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


To: topwright who wrote (26434)1/30/1998 2:06:00 PM
From: Jack Sman  Read Replies (1) | Respond to of 41046
 
Raleigh ~ I hesitate to post my trades online, but I think the
MMs are painting the tape. I've highlighted my buys. At first
I placed a limit order at 4.81 (5000 shares) and they didn't bite.
So then I threw in a series of 500 share market orders and they
sold those to me at the ask. I then changed my limit order to a
market order and they sold 1000 shares popped the ask and sold me
the
remaining 4000 shares. Then I followed up with 3 sets of 500
shares at market. Watching the tape up to that point they had plenty
of opportunity to raise the ask on many other 'buys' and didn't.
Looks like painting to me. ~ Jack

FTEL - Transaction Log
1:37:57 8 4.843 - 4.968 5x5 12:56:47 8 4.781 - 4.843 5x5
1:37:56 8 1000 4.875 12:54:19 8 1000 4.843
1:37:52 8 4.843 - 4.937 5x5 12:50:02 8 5000 4.750
1:37:34 8 4.843 - 4.906 5x5 12:49:51 8 1000 4.750
1:37:25 8 500 4.875 12:47:47 8 2500 4.718
1:37:24 8 4.843 - 4.875 5x5 12:37:40 8 3000 4.843
1:36:21 8 500 4.875 12:23:33 8 500 4.843
1:30:35 8 500 4.875 12:07:24 8 500 4.843
1:26:03 8 2000 4.875 12:03:32 8 500 4.718
1:25:53 8 4000 4.875 11:54:38 8 4.718 - 4.843 5x5
1:25:13 8 1000 4.843 11:54:37 8 1000 4.718
1:24:54 8 1000 4.875 11:54:34 8 4.718 - 4.750 5x5
1:24:33 8 1000 4.875 11:54:04 8 4.718 - 4.843 5x5
1:24:08 8 4.812 - 4.875 10x5 11:54:03 8 1500 4.718
1:24:07 8 1000 4.875 11:53:59 8 4.718 - 4.750 5x5
1:23:48 8 4.781 - 4.875 10x5 11:13:07 8 200 4.718
1:22:28 8 1000 4.843 11:12:05 8 400 4.718
1:22:14 8 4.781 - 4.875 5x5 11:11:00 8 100 4.843
1:11:26 8 500 4.843 11:07:36 8 1000 4.718
1:09:01 8 500 4.843 11:04:23 8 4000 4.718
1:05:49 8 500 4.843 11:02:51 8 2500 4.718