Rudy: I agree completely, especially on KTEL....The closest thing I
can recall is the Y2K stocks a while back...after all the hype and
mania, they all came back to earth. Even though there are fundamental
differences between this and y2k, they are not enough different to
justify this.
KTEL today traded almost 4 times its total outstanding shares. Even
accounting for NASDAQ's 2 to 1 overstatement, the "real" volume was
still nearly twice as large as the TOTAL outstanding shares. I have
no idea what the float is, but the ratio has to be larger against only
the float....A lot of paper trading out there....the same shares are
changes hands a lot of times and/or the MM's are seriously short and
naked.
From what I have found, KTEL's average daily volume for the first
three months of this year (through around 3-20) was around 4,000
shares a day. Today's volume was over 3500 times greater...Now that's
really MO with 100 point type.
But, look at the relative side...even at this level, the PE is only
78.5, a mere fraction of some of the other flyers....must mean it is
still an incredible bargain...:) Heck, to hear it told by some,
nothing in this group/sector should be at less than a 500 PE (assuming
they even have earnings)....That would make KTEL worth around $265
(pre-mega splits of course)...still a penny stock in relative terms.
Insane? Yes
Weird? Not for the insane: otherwise, yes
Crazy? Just CRZY
Manic? Not until it falls
Huge? Does not get any huger (I know its not a word, but +625% in
6 days is not in my vocabulary either).
Awesome? Yeh, dude, never been a wave like it....
Amazing? That anyone is still long......
KTEL info below...
Troy
TODAY
KTEL - K-TEL INTERNATIONAL
Exchange: NASDAQ
Last Price: 41 5/8 at 16:02
Change: Up 12 15/16 (+45.10%)
High: 49 1/2 at 12:50
Low: 30 at 9:36
Open: 33
Previous Close: 28 11/16 on 4/17
Volume: 14,224,400
30-Day Avg.
Volume: 913,000
Shares
Outstanding: 3,816,000
52-Week High: 29.43 [Ancient history: it is a day old]
52-Week Low: 5.62 [x 100 = the 5 day percentage gain]
Beta: Not Available [The machines don't go high enough]
Yield: Nil [Unless you went long at 8 or less]
P/E Ratio: 78.5 [A real bargin]
EPS: 0.53 [adjusted for a certain 25:1 split, it
could be .02 like many others] |
