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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end?
KTEL 0.301+9.4%Nov 10 9:53 AM EST

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To: zax who wrote (2458)11/6/1998 7:55:00 AM
From: Louis Riley  Read Replies (3) of 3203
 
While I find your religious zealotry regarding this trash stock a little spooky, I imagine you are sincere in your beliefs.

Since I have absolutely no emotional involvement with this four letter stock, and will cover my position relatively soon (probably at $8), you really don't rate "worst nightmare" status in my book. To hold yourself forth as such smacks of arrogance or delusion on your part.

I am not arrogant. The market is a cruel mistress, and I have been humbled by her many times. Just to prove it, I promise not to gloat once KTEL is back in single digits.

As for your mission of "great significance", I hope (for your sake) that you are kidding. Here's a tip: you may want to omit the flying pig picture from your next financial abstract, although I actually found it most appropriate regarding KTEL.

One last thought: of the innumerable reasons that this company will never make it on the web, the main reason is this: it has absolutely no access to capital. No banker or underwriter would touch this bag of fleas with a ten foot pole. Again, I suggest you read some 10-Ks to bone up on KTEL's history of violating loan covenants (and filing bankruptcy).

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