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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end?
KTEL 0.275-17.7%Nov 7 9:30 AM EST
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To: re3 who wrote (2462)11/7/1998 1:00:00 AM
From: Lionel Parker Perkins III  Read Replies (1) of 3203
 
I just don't like companies that release news like this and let the stock run up, yet they fail to tell you when the president has resigned. I have shorted several stocks in the last year as you will see in my post. Never any of the major players that seem to be above board about there business and serve some real purpose that deals with the running of (MSPG, AOL, YHOO) or doing big volume commerce (Ebay, AMZN,GCTY) on the net. To much uncertain future on the positive side for these stocks.
As for your question about being short and wanting the rest of the world to do the same, yes I would like to see people pile on top of some of these stocks. Maybe then some of these companies would then learn to temper some of their press releases. I am sure some day I will get burned doing this, so far I am 5 for 5, but I make mistakes too. Went long with CS last year and watched it drop 15 points on me. Should have shorted that one as well. As a stock broker I feel for people that see stuff like this on CNBC and buy the stock thinking it's an investment and then lose most of there $$$. Sorry I have been so harsh on this stock, it's been a long week.
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