FTE Networks Inc (fka FTNW)

[Ed Ajootian]

The best thing about yesterday was the truly massive volume. That was by far the most volume for any day in the past 2 years and would have been nearly 1 M shares prior to the reverse. I think we had a lot of folks who had sold right after the reverse was announced, who had been planning to buy back if & when the uplisting was announced, and they ended up deciding to buy right back in yesterday due to the big rally in the stock.

The big volume that accompanied yesterday's move tells me that $9 should be a floor of sorts going forward, as long as there is no big negative news that comes out. Hopefully the stock spends a few days consolidating here around the $9.50 mark so it can shed itself of the few remaining weak holders, before the next leg up.