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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote (3241)	6/12/1998 3:50:00 PM
From: peter michaelson	Read Replies (1) of 4969

Steve: This is going to sound like a specific stock question, but it's not. What forces could be/are at work on these incredible weird moving stocks such as KTEL. KTEL - FOR EXAMPLE - had been steadily drifting downwards since its famous run-up to $30 plus. It reached $8 and change on Wednesday, then KABOOM. It's now at $16. No news except that Amazon will sell music, but other industry players did not move on this news. STrong insider selling, et cetera. In general, what are the possible forces that could cause such movement on such types of stocks? Thanks in advance. Peter P.S. Would love to see a Yamner live chat on these sudden movers such as MARG, CFON, ENTD, CCSI and others.

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