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

+0.1%

Dec 17 1:02 PM EST

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To: Devil's Advocate who wrote (157)	4/17/1998 8:58:00 AM
From: Pullin-GS	Read Replies (1) of 3203

Already covered my short....but.... The major leagers are at bat now (one of the hall-of-famers IMO...KEYZ): Business Wire - April 16, 1998 16:09 %KEY-WEST-SECURITIES KTEL %TEXAS V%BW P%BW HURST, Texas--(BUSINESS WIRE)--April 16, 1998--Anthony Elgindy, Chief Analyst of Key West, stated today, "Although KTEL has announced plans to offer their products via the Internet, this hardly supports an increase of 300% in market capitalization. When the hysteria dies down and the volume dries up, the stock should settle to a more appropriate range between $5 and $7. This could happen very quickly based on earning and book value." Perhaps its time to find a re-exit (short)? <G> Shares will be hard to come by...will wait for the 1st bounce up (at the earliest). KTEL offer 20 even premarket....down 1 1/2. Ah ohhhh......KTEL just got a long/short term UPGRADE! KTEL printing as high as 23 now....so much for that short on first gap!<G> Regards....

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