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 0.251

-7.7%

Nov 13 10:10 AM EST

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To: valueminded who wrote (2911)	11/29/1998 8:50:00 PM
From: Anthony@Pacific	Read Replies (2) of 3203

If you have the link to my portfolio you will see that i covered after the stock hit 69 bucks I dodged the bullet But I absolutely do not understand the concept of buying stock based on 5 years projected earnings...It is inconceivable that anyone can possibly know what the competitor landscape looks like or if we actually care about AMZN anymore,,In the meantime4 I believe that every one of these deals will have a 1 year stranglehold until all outstanding shares become freely tradeable and then as Presteck proved the crash will be severe and certain and it will not recover...Just too much stock will be for sale...

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