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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: DarrenS who wrote (75)4/15/1998 3:14:00 PM
From: Louis Riley  Read Replies (2) | Respond to of 3203
 
Agreed.

There is a 109,500 share offer on Instinet right now at 13/16 (shows on Nasdaq Level II as INCA 999).

That is 12% of the entire float!!!

It is juice - an attempt to keep the stock from lifting. Watch him cancel if the stock starts to trade through his offer.



To: DarrenS who wrote (75)4/15/1998 3:49:00 PM
From: DarrenS  Read Replies (1) | Respond to of 3203
 
Since i do not want to do anything illegal, i recant any statements
which may have been construed that i want to conspire with
people.

This is my position on this matter. MO is that because
of the price disparity between CDNW, NTKI AMZN as compared
to KTEL, KTEL is undervalued and many people are trying to short
this stock. The small float makes a short squeeze possible.
I am not and will not conspire with anyone. Do your own
research and make your own investment decisions. Good Luck!!