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 0.275

+3.8%

Jan 13 9:30 AM EST

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To: Mr Metals who wrote (602)	4/21/1998 5:10:00 PM
From: McNabb Brothers	Read Replies (2) of 3203

Mr. Metals, I have to agree with you that KTEL is way over valued, but in this market that is not how the game is being played! Take IBM today, reported earnings down from previous quarter and they go up big time especially for a big cap stock! Sure they beat revised estimates, but it is trading higher now than it did before they warned! Does not make sense and either does stocks like KTEL! If KTEL is so over valued then why not short CDNW and NTKI which are selling at 20 times the value of KTEL? Just interested in your opinion! Let me assure you KTEL is not the usual way I buy stocks and it will not be a long term holding either! Take a look at my profile and you will see my conservative long term holdings! One other thing which does not make a lot of difference the next day, but in after hour trading KTEL is trading up rather strong! jdai.com Hank

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