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

-17.7%

Nov 7 9:30 AM EST

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To: Paul A who wrote (2522)	11/11/1998 5:52:00 AM
From: William Harvey	Read Replies (1) of 3203

Paul, You're absolutely right about not shorting this stock. The internet never sleeps and only if you're in KTEL, can you be safe in your sleep. Two technical dicta were violated yesterday: One, the gap up and two, KTEL retreated about 50% of their gain. The same thing happened with the Playboy deal and while it didn't retreat to its gap, it sure didn't rise to the highs of the first 30 minutes of trading after the deal was disclosed. Thing is, back to back deals like these are partial disclosures because nobody knows the price tag or the profit margin. Don't get me wrong, but considering what the stockholder has reaped, don't you think he/she is getting off to a slow start? WH geocities.com

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