Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jack Sman who wrote (26775)	2/2/1998 6:12:00 PM
From: William Harvey	Respond to of 41046

Thanks for the log, Jack. 1:30 was the 'witching hour'. Until then, we had 53,500 shares bought at the ask and 19,200 sold at the bid. At 1:30, the bid had actually dropped 1/32 from the open though the ask stood a like amount higher. The curiosity of the day must have been the 10k block at noon that Jack pointed out. I scored it as a buy but it may have been a consolidation trade (the bid/ask was 5/5.25 just two trades earlier and the 10k went at 5.22). Maybe the MMs were unloading some inventory and this accounted for the sluggish/nonexistent rise in the AM. After the 10k block, 10 out of the next 11 trades were buys so it's hard to account for the drop in the price. 1:30 to the end of day was the opposite: 5,900 buys and 42,700 sells, so in all, 59,400 buys and 61,900 sold. WH