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 0.250

-3.1%

Nov 24 3:28 PM EST

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To: McNabb Brothers who wrote (286)	4/20/1998 11:45:00 AM
From: RealMuLan	Read Replies (2) of 3203

<<(7) Shorts can not find shares to sell short! Means Squeeze! I have some problem with this logic of yours. As far as I understand, Short squeeze can only happen due to two reasons: 1) too many people who are long want to sell the stock, so the shares get called back; 2) the stock price go through the roof, the shorts get a margin call. Judging from the present situation in KTEL, the first is not happening because people who are long in this stock seems still bullish; so the second might happen to some people who short this stock on margin. But for people who short this stock on cash and short price is around $25, they will be ok until this stock goes to over $55. In that case, they will possibly get a margin call, depending on who is you broker. Datek can let you go as low as 30% of your portfolio. And who knows what will happen by then.

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