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Pastimes : CNBC -- critique.
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To: Thomas M. who wrote (907)4/21/1998 2:18:00 PM
From: Greta Mc  Read Replies (1) of 17683
 
Tom

They have been talking alot about K-Tel and played disco music off and during the show.

As a matter of fact (and I'm going to vent here), while they were talking about the average investor who may have shorted K-Tel at 15 and how much they would need to cover that short (KTEL is in the 40's now I THINK, stress THINK), they started playing some disco song that sounded like "get up off the floor." Talk about rubbing salt into someone's wounds. I thought it was tacky and insensitive because there are probably some investors who got really burned shorting KTEL.

But that's just my opinion.

But I thought they did a great job explaining the ins and outs of shorting a stock when they discussed KTEL. I'm embarassed to say that I never really understood the concept of shorting, but when they put it in the context of KTEL's activity, well...now I think I understand.
And I'm glad about that and do thank them for that.

Greta--who thankfully has no KTEL shorts to cover and who truly feels bad for the average investor who does
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