K-Tel (KTEL) Have the cheesy '70s records come to an end? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end?

KTEL 0.252

0.0%

Nov 12 2:33 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StockDung who wrote (2963)	12/1/1998 8:50:00 PM
From: zax	Read Replies (2) of 3203

Such a small float and so many shorts that will cover on any major rally. I agree. There is a huge short interest in KTEL, and this is a frequently strong contrarian indicator. Also, the volume for KTEL today was 1,103,200 shares. This figure is considerably higher than the average volume for July, August, September and October. For October, in contrast, the average daily volume for KTEL was 202,906 shares. In November there were 1,714,316 shares short of KTEL. Our total volume today isn't significantly less than the total short interest in KTEL. I see continued upward pressure on the stock. Good luck to all, -- Eric

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next