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

To: Seth L. who wrote (33206)	4/30/1998 9:47:00 AM
From: David D.	Read Replies (1) \| Respond to of 41046

Smoking something? Occassionally a Churchill -- Montecristo cigar. No loco weed though. However, in answer to your question YES!! The cliche of the Market is: Buy on rumor, Sell on news. The rumor of Nasdaq listing being a "done deal" is definitely why the stock ran up on Tuesday. No doubt about it! Once the buying came in and the stock started it's upward move, the day traders seen the volume and spike and jumped in with both feet. After identifying "why" the spike occured and that there was no confirmation, a subsequent sell-off occured. David D.