Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (7968)	4/19/1998 2:20:00 AM
From: AlienTech	Read Replies (1) of 120523

These guys need to get our of the brokerage business.. On Thursday, a Hurst, Texas, brokerage firm called Key West Securities snapped out a press release asserting that K-Tel is "severely overbought," and deserves to trade at $5-$7 a share. The next day, an Austin, Texas, outfit called Stock Investor Trading News whipped up a release of its own, calling the stock a "strong buy," and predicting K-Tel will top $100 a share. Key West, of course, is short the stock; the principals of Stock Investor Trading News, including a hedge-fund manager named Louis Riley, are long. And as for us, we're simply astonished.

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