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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: RealMuLan who wrote (216)4/17/1998 4:55:00 PM
From: craig crawford  Read Replies (1) | Respond to of 3203
 
<< I got a feeling that there was somebody manipulating this stock before the market closing. It went up almost 5 points (almost 20%) between 3:15pm to 3:45pm. And there was no block buy, I just don't get it. >>

People were waiting to see if it would sell off if it couldn't hold above 25 like it did a few days ago. When they saw that there weren't any big sellers at the end of the day (especially for a friday) they piled in and the shorts are definitely helping the cause.

I have politely been warning people that to short this stock is utterly ridiculous...