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

To: Cindy Cannon who wrote (29909)	3/10/1998 5:52:00 PM
From: William Harvey	Respond to of 41046

Thanks, Cindy. It wasn't the 'golden arches' but we did deserve a break today. The whole day was positive. It looks like what happened was a buy for 11k came in at 2:30 and the MMs decided to sit on it and find out how much we'd pay for it. Twenty five minutes later, the 2:30 offer at $4 had become the bid and without any intervening trades, it sent a signal that the sell business had closed shop. The trading was overwhelmingly bullish. Buys outnumbered sells 75.9k to 18.2k for the entire day and even up to 2:30, it was 36.4k to 17.8k despite the price drop (thee steenking squeeds). A little news would be nice but not absolutely necessary. If you've been following the buy/sell ratio, we could tack on another 10% without any problem. However, we might have a little resistance at this level: Look at the last 20 trading days. tscn.com We're nearing upside resistance. I'd say there's a 50-50 chance of finding ourselves in a roadblock but..... Last time we had a breakaway rally, there were some 20k blocks in the morning of the second day that we didn't see the first day of the rally. That would be a 'go ahead', imo. geocities.com WH