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

To: Citidude who wrote (27952)	2/12/1998 8:38:00 PM
From: David McCleary	Read Replies (2) \| Respond to of 41046

Chris, as far as when TA will show an upward momentum, quite frankly it's never shown anything but! The recent downward projections are just ripples is an ever growing tide. That run to $10 was a joke and just MM manipulation and should not be looked at. We've grown from $0.25 to $4 in just a few years and TA is showing no slowing down in that growth. The only thing I see breaking this trend is a continued downward slide in sales and earnings. EXPECTATIONS can't hold us up forever, especially not with a Nasdaq listing in our future. If those two can make a turnaround then TA should hold strong. As far as where I see the stock in march, april, may....., TA recently broke short term support at $4 which I never expected (I bought a small amount at $4), probably due to the poor earnings news, and is now showing a slide to about $3.15 over the next month and a half before hitting long term support again. From there it's onward and upward along the very long term TA lines. You'll recall TA predicted $4 on March 1, guess I was a couple weeks off. For those looking for some analytical tool for predicting a double digit price again, TA long term (which is questionable on a BB stock no matter how far out you project) is showing a sustainable $10 in the middle of '00. If you don't trust my month to month TA, I surely don't expect anyone to trust TA going out that far, so save your breath bashing me for trying, Chris asked so I did the best I could at answering.<ggg> Dave