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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Buckey who wrote (101411)3/2/2002 3:35:06 PM
From: SSP  Read Replies (4) of 150070
 
The short squeeze IMO tends to be more of a myth

KTEL was a short squeeze, when many shorted at $20's, the stock ran to $80.

"What makes this all the more curious is that K-TEL has only 3.8 million shares outstanding, a razor-thin float. More than 70% of those are held by Chief Executive Philip Kives and other insiders. All of which gives credence to widespread suspicion that K-TEL is being caught up in a colossal short squeeze. K-TEL's executives refused comment. So did spokespeople at NASDAQ and the Securities & Exchange Commission."

businessweek.com
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