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


To: Jack Sman who wrote (32408)4/20/1998 9:24:00 PM
From: William Harvey  Read Replies (1) | Respond to of 41046
 
Thanks, Jack.

Nothing to get excited about today since there were only 70k shares altogether. It was 2 to 3 in favor of sells with 28.1k/offer and 42k/bid. Only one large block, one for 7k, a sell; but there were ten buys in a row, 12k in all. It takes 1,024 flips of a coin to come up with 10 heads in a row. 10 buys in a row is accumulation. I read something not too long ago: The MMs look at a slow day and see little guys and big guys. They got to follow a lead. Why not be smart about it? The big guys know something the little are acting on impulse. We got a 12k of buys (over a block of 30 minutes) and a 7k block of sells. What do you think is going to happen? Something to think about.

Hang in there.

WH