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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (7081)	4/16/1998 2:09:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 18691

The KTEL story isn't over yet. You might get your chance to short it above 25 again. All I hear everywhere I go is "Short KTEL!" That makes for a potentially explosive situation when the shorts think they are in control. It doesn't take much to push a company higher with a float of 900,000 and a market cap of only $75 million. Just remember, SIEB went up nearly 600% in 1998 due to a small float with the CEO practically begging people not to buy it, saying there was no reason for the move. Shorts better hope that some big $ doesn't decide to cause a mammoth squeeze in KTEL. It has happened many times before and it could happen again. I've seen junkier companies than KTEL go up 11 fold in 4 months. DNA for example went from 11 to almost 120 in 4 months. OCCF went from 10 to 136 in a little over 1 month. ANCR went from 7 to 41 in less than 2 months. SPTR from 8 to 28 in a little over 1 month. ZITL from 8 to 72 (800%) in 3 months. Certainly there are safer shorts out there than KTEL considering they had almost $100 million in sales and they earned a few million last year.