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Some info on the Chinese Silk Indiustry, just fyi!
Silk Industry
Silk has been a precious commodity for centuries and its recent movement toward modernization can only improve the country’s silk production and trade. China is the world’s largest silk producer. In 2005, it accounted for 74 percent of global raw silk production and 90 percent of the world export market according to statistics from the Chinese Ministry of Commerce.
The China National Silk Association identified that in order to maintain China’s competitive edge, significant upgrades to equipment, techniques, designs and colors should be made. Recent news reports have quoted China’s Ministry of Commerce repeating the same sentiments, urging producers to sharpen their competitive edges in technology and exploitation of high-end products. New targets for the development of the silk industry have been outlined by the ministry, raising the expectations of both silk pod and silk output by about 50 percent by 2010.
For no other reason than I think the company is slowly emerging from darkness and obscurity.
I agree Dave. One nice PR and FRTW will leave this level in no time flat.
I would expect something farily soon.
Idiot bidwhackers.
Some never get the hang of how to buy and sell pennystocks.
At least those shares should be going into stronger hands from here.
FRTW - FRANKLIN TOWERS ENTR (OTCBB)
Date Open High Low Last Change Volume % Change
12/23/09 0.0160 0.0160 0.0160 0.0160 +0.0001 13900 +0.63%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Sell
20 Day Moving Average vs Price Sell
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: - Hold
20-Day Average Volume - 143575
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% - Buy
50-Day Average Volume - 69236
Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 63777
Overall Average: 32% - Buy
Price Support Pivot Point Resistance
0.0160 0.0160 0.0160 0.0160
Slow continued interest building. Slowly building a solid base. Slow steady increasing trend.
The rest will take care of it's self.
I am not into banning anyone and there true intentions do show in there posts.
Yes. That would be nice. Slow and sure wins the race.
(of course if it wants to rocket on a nice PR about a positive development that will be fine to)
I am still here and looking forward to news sometime soon.
Creepy crawly accumalation. Small little buys each day trying not to set an alert off. I like it.
That is a great note and this is a great hold from here. It is getting noticed and as you can see some of the day traders have either moved on or are trying to accumalate here.
I am looking forwatd to the next 10q for the revenues increase I see there and the increases in retail will lead this up.
Dave
FRTW - FRANKLIN TOWERS ENTR (OTCBB)
Date Open High Low Last Change Volume % Change
12/17/09 0.0160 0.0160 0.0160 0.0160 +0.0001 95500 +0.63%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Sell
20 Day Moving Average vs Price Sell
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: - Hold
20-Day Average Volume - 150100
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% - Buy
50-Day Average Volume - 71020
Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 64669
Overall Average: 32% - Buy
Price Support Pivot Point Resistance
0.0160 0.0160 0.0160 0.0160
Just for info, this was posted today on my Scottrade info section:
Textiles - Non Apparel Industry
Over the last four weeks activity has been led by the Franklin Towers Enterprises Inc. and Xerium Technologies, Inc. companies, up +165.00% and +60.00% respectively. In contrast, the The Hallwood Group Incorporated and Crown Crafts, Inc. companies have shown the worst price performance over the same period, down -14.16% and -10.34% respectively.
None taken, lol!!!
I like it. A man that does his homework!
Wouldn't have expected that from a Road Hog....lol
No offence mind you.
Mr. G,
I was a buyer today, still believe this is a bargain at these prices. Book value is double this close. Patience is a good virtue! GL!
Decent volume today. Slow but sure new highs will be set.
Overall Trend is still on.
When we start closing above the 20MA on a daily basis I will start to get really excited.
Good time to buy for those interested in this speculation play.
And remember, this one is not the one to buy thinking it will pop to .10 tomorrow. Be patient.
As always. This is my opinion. Please do your DD work.
Good for you HDman. What year is that HD? That's bad.
I added 20k more today myself!
cheers. only had to go back to 9 to 5 for year and a half in last 10 years...back at what I love since.
You do have some good TA skills pmlg. I don't deny that.
Thank you for your compliments. I can get along with you just fine.
We just have a difference of opinion on the other things you bring up. Trading styles and aliangel/Wave board.
I don't mind waiting a few months for over a 100% return. I have to work a "real" job at odd hours and usually can't stay at the computer all day so I like to buy stocks/companies that I can buy and sell later on down the road without having to lose sleep on day to day price action. I do however understand the importance of Technical Analysis. There are just other factors I put great weight onto as well.
This style has served me very well this year. I know it's not the only style.
Best of luck with your trading. I mean that.
Yes I am in this one BIG.....hope everyone knows it! I think it has great potential to be a BIG winner.
I'll be either wrong or I'll be right with my thoughts and insight concerning it.
Someone--Somewhere at Sometime will buy my shares from me at a much higher price than today! And so will everyone else that is buying today.
They will sell their shares to someone else.
Gosh that makes us all a crook.....
No wait a minute....That's the way the stock market works!
Go figure.
there are alot more from others to come too! just waitng for them to TRY to break even.
that was my DUMP at 50 K at .016 1044am and 1045am..
too bad you got suckered into this one...and big as its the one you post on alot, and he told me YOU ARE INTO THIS ONE BIG...you probably bot his shares LMAO
he is being reported for leaking a news release on PHIE before the public even got it...he will be loosing all his supporting cast as we all have figured him out...
check out his charts, they all are eerily the same. all preload pump and dumps. BY HIM!!!
I doubt you even had shares to start with.
We all know you and aliangel are going at it with each other and you are going to his boards and doing your best to scare everyone. Give it a break man. Good grief.
Looks eeriely like someone is buying to me. Good for them.
We will all be eeriely happy in the coming weeks/months.
sold off more of this today...chart that looks eeriely like someone loaded shares and sold into the rush of buyers...
wont be buying these types of stocks anymore.
good luck...buyer beware.
FRANKLIN TOWERS ENTERPRISES, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6903997
Three Months Ended Nine Months Ended
September 30, September 30,
2009 2008 2009 2008
Net Sales $ 2,240,449 $ 2,334,638 $ 5,124,347 $ 4,784,776
Cost of Sales (1,647,072 ) (2,051,618 ) (4,298,110 ) (4,464,228 )
Gross Profit 593,377 283,020 826,237 320,548
Operating Expenses:
Selling, general and administrative expenses 233,068 338,687 515,474 892,451
Depreciation and amortization 8,725 - 28,438 -
Total Operating Expenses 241,793 338,687 543,912 892,451
Income (Loss) From Operations 351,584 (55,667 ) 282,325 (571,903 )
Other Income (Expenses):
Subsidy income - - 706,122 -
Interest income 324 576 7,137 2,152
Interest expense (521,263 ) (1,239,008 ) (1,577,281 ) (3,859,226 )
Total Other (Expense) (520,939 ) (1,238,432 ) (864,022 ) (3,857,074 )
Loss Before Income Tax (169,355 ) (1,294,099 ) (581,697 ) (4,428,977 )
Provision for Income Tax - - - -
Net Loss $ (169,355 ) $ (1,294,099 ) $ (581,697 ) $ (4,428,977 )
Net Loss per Share - Basic and Diluted $ (0.00 ) $ (0.01 ) $ (0.00 ) $ (0.04 )
Weighted Average Shares Outstanding - Basic and Diluted 123,484,043 123,484,043 123,484,043 107,741,181
Comprehensive Loss:
Net loss $ (169,355 ) $ (1,294,099 ) $ (581,697 ) $ (4,428,977 )
Foreign currency translation adjustment 2,062 77,477 (912 ) 222,521
Comprehensive Loss $ (167,293 ) $ (1,216,622 ) $ (582,609 ) $ (4,206,456
That's ok because when this one starts it't run everyone will show up saying we are a bunch of "insiders" and "front runners".
Lol
Ohh man.
No,it's called finding growing/recovering companies and getting there before the crowd arrives!
I am a waiting for sure.
I got a feeling it is coming. I think they are way too busy to answer your emails
I just wish they would do something with the emails I sent them. That would help to here about the xmas season business refill and the spring orders for material for sure.
Jus awaitin here
Looks just like I thought it would at this time in juncture.
With a just a little bit o volume we'd be at .03 in no time flat.
Guaranteed.
You can load my trailer up when your ready and the pot comes off the back burner. I di like this company and there products very well coming out of christmas. Next is the spring season for sales also.
thank you Sir but i don't own any just curious about ali and the wave team they are interesting tia
This one isn't a "fast trade". Late Nov. early Dec. was just a blip on the radar of things to come. Will have to wait until volume comes.
Sometimes other ingredients must be added to a stew before it is ready to eat. Put it on the back burner and let it simmer.
There are a number of ways that this could happen but the most likely way will be a PR. Good chance of happening soon I think.
Just a guess.
One other way is that so many people here on iHub will see what fantastic Penny Stock traders we are that they simple will have to come in and start buying FRTW by the truck loads because of the simple fact that we are all in it. Our knowleadge,wisdom,trading insight will demand it, not to mention our charming personalities and magnetic demeanor.
(you know I'm just carrying on right?)
u dont know I thought you knew before hand JMHO of course
When the company sends one. Also the 10q is out in mid Febuary.
when is the next filing
so nothing yet
FRTW - FRANKLIN TOWERS ENTR (OTCBB)
Date Open High Low Last Change Volume % Change
12/15/09 0.0159 0.0159 0.0159 0.0159 +0.0002 3000 +1.27%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Sell
20 Day Moving Average vs Price Sell
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: - Hold
20-Day Average Volume - 145475
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% - Buy
50-Day Average Volume - 70560
Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 64219
Overall Average: 32% - Buy
Price Support Pivot Point Resistance
0.0157 0.0157 0.0157 0.0157
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OTC.BB SEC Filings www.sec.gov/cgi-bin/browse-edgar
Franklin Towers Enterprises, Inc. (Stock Exchange: OTCBB, Ticker Symbol: FRTW), through its wholly owned subsidiary( Chongqing Qiluo Textile Co.), Qiluo located in Chongqing China, provides both raw silk material and finished silk products for the foreign and domestic markets. It has obtained the approval of the Chinese government to both centralize and modernize the silk industry and the modernization of the key processing plants has been completed.
Transfer Agent
Kara Kennedy
Island Stock Transfer
Phone: 727-289-0010
Fax: 727-289-0069
kara@islandstocktransfer.com
Authorized Shares
1,250,000,000 shares
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