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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end?
KTEL 0.260-2.3%Dec 3 3:48 PM EST

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To: Louis Riley who wrote (1205)4/30/1998 12:33:00 PM
From: Marco Polo   of 3203
 
Mr. Riley, I hate to tell you this but your recommendation here sounds like a bad joke. You challenge those negative on KTEL to name a successful internet company trading for as low a multiple as KTEL... how do you define "successful internet company"? Does that include KTEL, a company that has never made one transaction over the internet?

I might have expected a squeeze today with the RealNetworks news, but it just hasn't materialized. Anyone who actually had confidence in the company's future is gone. You yourself, the last one remaining who claims to think KTEL is a long-term winner, posts things like "this is the shorts' last chance to cover in the 30s" rather than "this is the last chance for investors to buy in the 30s". It just shows that even you know the only play for longs is the short squeeze. And it just doesn't seem it will happen, does it? I am left with no reason to believe this isn't KTEL's last hurrah. Look for $3-$6 post-split with the larger float.
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