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 0.252

-16.3%

3:22 PM EST

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To: StockDung who wrote (2973)	12/2/1998 11:38:00 AM
From: Winter	Read Replies (1) of 3203

I can't believe how much you guys babble about the small intraday moves in the stock price. Like every 1/2 point move up or down proves your bull/bear positions - shesssh! As for the early comments from flodyie about KTEL eventually getting into other areas of net commerce besides cd's - all I can say is: can I get some of whatever it is that you're smoking? There is no reason to believe that KTEL is going to be successful at selling music on the net, nevermind selling anything else. The competition in the online CD business has been established on the net longer, has better tie-ins to other sites, cheaper music, higher sales etc - what does KTEL have that makes it unique and/or better? As far as I can see, KTEL has no advantage whatsoever and is seriously strapped for cash, at least the other net startups have the cash from their lofty IPO's. As for the comparison that KTEL is undervalued when compared against Amazon, I'll certainly agree to that - however Amazon is valued strictly on predictions of strong future growth and its current position as a inet market leader, neither of which KTEL has. To suggest that every net stock deserves the price/sales ratio that Amazon has is crazy. Best of luck to everyone on their investments.

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