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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: Deliveryman who wrote (240)4/18/1998 11:18:00 PM
From: Breeze1  Read Replies (3) | Respond to of 3203
 
What type of investor reads Barrons and what type of person is into this stock and into the internet? The two live on separate planets. What would you expect conservative ole Barrons to say? Get on the internet gravy train? Its a new world folks. You can resist change or make money while the sun shines. Yes, a dark day will come..when? In the mean time stop looking for an excuse to chicken out!



To: Deliveryman who wrote (240)4/19/1998 12:20:00 PM
From: AugustWest  Read Replies (1) | Respond to of 3203
 
Here's another excerpt from the Barron's article. The whole text can be found by sifting through the YHOO thread.

"Be forewarned, too, that with the tiny public float, the stock will likely remain volatile for weeks to come. And the rhetoric has begun heating up. On Thursday, a Hurst, Texas, brokerage firm called Key West Securities snapped out a press release asserting that K-Tel is "severely overbought," and deserves to trade at $5-$7 a share. The next day, an Austin, Texas, outfit called Stock Investor Trading News whipped up a release of its own, calling the stock a "strong buy," and predicting K-Tel will top $100 a share. Key West, of course, is short the stock; the principals of Stock Investor Trading News, including a hedge-fund manager named Louis Riley, are long. And as for us, we're simply astonished."

Sounds like we have a tug of war going on, which will provide some healthy swings for the day traders.