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


To: X Y Zebra who wrote (29228)3/2/1998 8:29:00 PM
From: STK1  Read Replies (1) | Respond to of 41046
 
Several Factors are playing here.With so many people making a market it has become a detriment to the up side instead of becoming a plus as in all normal likelyhood it should have been.The deciding factor i believe was the involvement of more then one MM having their hand in the Kitty "so to speak"and the fact that so many shares in 5 different forms are available to sell.The up side has been artfully held down for obvious reasons.So thus the down will continue to fill the gap.The fact so much vol can be moved and the spread stay so thin indicates that manipulation is being acomplished.You can't raise the spread if you can't sell the stock.So you have a position of low confidence verses a position of increasing tender as the price moves up.The down side is bouyed by the positive while the up is capped by the limit of buyers.This is all obvious but when the chart comes out the limit it usually goes either straight up or straight down.I know we all believe it will go straight up.The momentum it will take to bring it to its peak will be over 3.6 million shares in the ask in under 4 days.Factor
a 2x vol x2 per day increase with a 3/4 reduction in bid and figure
4 million shares to a period of 4 days and thats your price once we get to nasdaq.But this is all MO.But I'll give you one for thought"Since we seem to have a bunch of real suckers for MM's whats to say they will let it run" Ya'll got the rope ready?