K-Tel (KTEL) Have the cheesy '70s records come to an end? Message Board

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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: Mama Bear who wrote (34)	4/15/1998 1:40:00 AM
From: Louis Riley	Read Replies (1) of 3203

Hi, Barb. I really don't know where I will short it. I took it home long. Joe said the CEO will be on right at the bell @ 9:30. That ought to be fun. BTW, the CNBC CEO Effect trade (buy the name pre-appearance for a rip, then short it as soon as the CEO opens his/her mouth)has not worked well with the Internet stocks over the past month. If the CEO says he expects the web to double sales in the next two years, I guess I'll short it once it gets over $100. You know, next week. :) What a beautiful value stock this name was - and still is, really. At today's close it still trades at less than 1 times sales. And the in last two Qs the company grew sales 48% over the same period a year ago. So the 5% one year sales growth number masks the big ramp in the last 2 Qs. The net stocks are still so on fire that they inspire disbelief. I mean, just look at XCIT, SEEK, and GNET today. Huge, huge breakouts. Or blowoffs. Either way, I want to see the apex before I short any of them. Louis Riley Host of "Louis Riley's Think Tank" message board sitn.com

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