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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end? -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (34)	4/14/1998 11:48:00 PM
From: StaggerLee	Respond to of 3203

The internet has finally reached the frenzy stage. Everything is going straight up. History suggests we're getting really close to the top here, but the last days/weeks leading up to the top are always the most dramatic -- making up as much as 50% of the move to date. This is absulute insanity. But I'm long :)

To: Mama Bear who wrote (34)	4/15/1998 1:40:00 AM
From: Louis Riley	Read Replies (1) \| Respond to of 3203

Hi, Barb. I really don't know where I will short it. I took it home long. Joe said the CEO will be on right at the bell @ 9:30. That ought to be fun. BTW, the CNBC CEO Effect trade (buy the name pre-appearance for a rip, then short it as soon as the CEO opens his/her mouth)has not worked well with the Internet stocks over the past month. If the CEO says he expects the web to double sales in the next two years, I guess I'll short it once it gets over $100. You know, next week. :) What a beautiful value stock this name was - and still is, really. At today's close it still trades at less than 1 times sales. And the in last two Qs the company grew sales 48% over the same period a year ago. So the 5% one year sales growth number masks the big ramp in the last 2 Qs. The net stocks are still so on fire that they inspire disbelief. I mean, just look at XCIT, SEEK, and GNET today. Huge, huge breakouts. Or blowoffs. Either way, I want to see the apex before I short any of them. Louis Riley Host of "Louis Riley's Think Tank" message board sitn.com

To: Mama Bear who wrote (34)	4/15/1998 2:00:00 AM
From: Louis Riley	Respond to of 3203

Excerpt from Dow Jones' story today: << ...K-Tel Inc. (KTEL), an established player in the music distribution business that announced its entry into the on-line market Thursday, continued to trade higher Tuesday after a 125.5% surge Monday. The stock closed up 6 11/16, or 44.8%, at 21 5/8. An astounding 5.4 million shares changed hands, compared with average daily volume of 31,300. K-Tel hit its second consecutive 52-week high of 22 1/8, well above the 16 1/16 mark set Monday. 'We believe that the market is giving K-Tel the valuation that it's given to other on-line retailers,' Chief Financial Officer Corey Fischer said. 'Management has always believed that the company is undervalued.'... >> Louis Riley Host of "Louis Riley's Think Tank" message board sitn.com