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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end?
KTEL 0.3380.0%Dec 18 4:00 PM EST

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To: hornet who wrote (128)4/16/1998 11:23:00 AM
From: stockhopper2  Read Replies (1) of 3203
 
<i just went to ktel web site at www.k-tel.com. i am surprised to find out they are a
real co. making money . 75mill last year in sales .>

I just went there myself, IMO the site is there to pump the stock, not to sell records. If it weren't for name recognition and one mention of music (one word out of the whole front page) I would have thought I was at the wrong site. Fact of the matter is nothing except a press release has really happened. Yes, its competitors have higher stock prices, so what? Record buyers don't compare stock prices and if I were trying to buy a album or CD, I would have looked for another site.
IMO the stock is still worth $6 - $10 until they successfully compete in the new direction. I had some long, then had some short. Now I put it on my watch list. Be careful out there, lots of pigs in pokes.
SH
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