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

To: Investor-ex! who wrote (7285)	4/18/1998 6:07:00 PM
From: Investor-ex!	Read Replies (2) \| Respond to of 18691

Just returned from a quick field trip to K-Tel's digs. They're sitting in about 20% of a one-story building in a local industrial park. No one there, one car in their parking area. Of course, this being Saturday, this might not be indicative of much. I will check again on Monday. They also have offices in the middle third of a modest 2-story warehouse maybe a 1/2 mile away. Nothing going on there either.

To: Investor-ex! who wrote (7285)	4/19/1998 11:40:00 AM
From: Mama Bear	Read Replies (2) \| Respond to of 18691

>>>What gets me is, one day, they're a 3rd tier mail-order record distributor and the next, the market decides they're some hot internet stock worth a 500% increase. If this isn't some sort of sign, I don't know what is.<<< Umm, perhaps you're not using an accurate bench mark? I think the stock was severely undervalued previous to it's announcement. A profitable retailer should go for 1x sales IMO. So the fact that it has increased 400% (not 500%--7 to 28 is 400%)is not that significant in that light (KTEL is at ~1x ttm sales at this level). >>>But if you believe the current momentum + hype + inevitable squeeze can move this stock up to anything near AMZN levels, go for it -- it probably will. Hopefully, you will have cashed out before it and/or this whole internet thing collapses.<<< I'll pass on holding KTEL overnight, either way. The main thrust of my postings is to warn people away from shorting this issue. There is no reason why KTEL couldn't go to 2 or even 3x ttm sales on momentum. Of course the Bearon's effect will probably have me shorting it in the morning, but I'll take that position to cash in the afternoon, win, lose, or draw. BTW, thanks for the report on KTEL's offices, will look forward to your Monday report. Barb