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 0.251

-7.7%

Nov 13 10:10 AM EST

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To: Craig Rogers who wrote (1640)	5/5/1998 2:47:00 PM
From: STEFAN BABJAK	Read Replies (1) of 3203

12:30 ET K-tel (KTEL) 75 9/16 +7 13/16: This has to be the mother of all short squeezes. Can't believe that the shorts keep coming back for more. Traders have figured out that with the stock's small float they can apply a great deal of pressure to the shorts with only a small rally in the price of the stock. As a result, whenever KTEL begins to perk up, traders pile into the stock. The fear simply isn't there anymore that KTEL could lose 35%-40% in one day. The way the stock is being viewed by traders is: "My downside risk may be 10% or so, but my upside is potentially 30% or more. Stock is now up 30% from in its intraday low.

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