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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: wmj who wrote (2703)11/17/1998 5:17:00 PM
From: zax  Read Replies (1) of 3203
 
I am considering buying if we go much lower...does anybody agree with my sentiment, or is everybody really pissed at KTEL

I bought some on the cheap today, wmj.

I believe KTEL will be able to make the minimum listing requirements when all is said and done... even if they have to privately raise capital to do so.

This is all just my humble opinion, and I wouldn't recommend anybody buy or short this stock if they aren't willing to make a risky investment.

Frankly, however, this stock compared to Amazon.com is clear buy. If you think KTEL is a scam than Amazon.com is one thousand scams. Compare the market caps of KTEL and AMZN and you should get an idea of the humor involved in the valuation of these internet stocks. Also note that Amazon.com's tangible value listing level is a very near parallel to that of K-tel's.

What we see here is the exact same phenomena that occurred on the bounce from 10 to 30 that occurred last week. Just a bunch of pathetically pessimistic shorters driving the stock down to such low levels and failing to realize that it is only momentum play of the stock on the short side causing it to fall.

Short of a delisting actually happening, I see a phenominal short squeeze in the works for a second time, and huge upside profits for myself, for a second time.

I wish everyone, long and short, the best of luck.

Regards,

-- Eric
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