Here's another excerpt from the Barron's article. The whole text can be found by sifting through the YHOO thread.
"Be forewarned, too, that with the tiny public float, the stock will likely remain volatile for weeks to come. And the rhetoric has begun heating up. 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."
Sounds like we have a tug of war going on, which will provide some healthy swings for the day traders. |
