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: Glenn D. Rudolph who wrote (2713)	11/17/1998 8:51:00 PM
From: Pullin-GS	Read Replies (1) of 3203

KTEL is a great short! A rechargable CFON if you will! <VBG> I've shorted (and daytraded long) this dog on 3 separate running-rampages (each time opening many positions), each time making more than the previous. But as all good things must end, I see KTEL being finished here. KTEL will see single digits, and investors/traders will be much more cautious with long plays on KTEL....I know MANY traders who lost big dollars playing KTEL both ways. KTEL may pop, but it will just settle back down again. Anything over 15 and I'll consider adding to my shorts. I took home 2K shorts (1k from 20...boxed it all the way to 36 and closed long, and another 1k today at 29 7/8). Today was a shortsqeez from hell for the loose-handed shorts. The pros (these guys have tight grips) saw this and got more shorts. I only wish I got another 1k.....but I had other commitments and could not stick around to baby sit the stock past 2:00.

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