LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: AlienTech who wrote (2725)	11/17/1998 2:54:00 PM
From: LastShadow	Read Replies (3) of 43080

Fed rate and the ever popular KTEL The Fed cut announced at 2:19, by 2:22 the DW was up 76 points... 13:13 ET K-Tel International (KTEL) 15 13/16 -1 13/16 (-10%): --Update-- Potential Nasdaq delisting receiving plenty of press. CNBC currently running special piece on company. No question news will cause even more shorts to (re)-enter the stock. Will be at least a month before delisting would occur. In the meantime, would expect to see major short-squeezes in this stock. Hence, would maintain KTEL on radar in future as potential daytrading play. As stock's 38% surge off intraday low demonstrates (Intraday Chart), when the squeeze is on the stock flies. Moreover, company is known for putting pressure on the shorts with well-timed press releases. Unquestionably, trend will be downward from here. But it certainly won't be straight down. Everyone who didn't make a buck on something between 2 and 2:20 has to bring a note in from mom saying you can trade tomorrow... lastshadow

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