BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR Message Board

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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR

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To: Traderhic who wrote (133)	1/22/1999 8:01:00 PM
From: Richard K.	Read Replies (1) of 954

Market makers did what they do best fleecing out all the weak hands in the morning who held KLOC. Many bought in the last couple weeks on the gap up from the 9 1/2 level to the near term top of 12 3/16. Not to minimize the move today, but it appeared to have the look of short covering. After all KLOC is considered somewhat of an indirect internet play, and most internet stocks were propelled today by short covering. This isn't to say KLOC'S continued move up can't be sustainable. For those seeking more leverage try KLOC warrants, KLOCZ. 4 1/2 by 4 5/8. Two weeks ago the warrants were in the 7's. Richard

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