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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: Devil's Advocate who wrote (285)4/20/1998 11:32:00 AM
From: McNabb Brothers  Read Replies (3) | Respond to of 3203
 
Me! In this market, why not?

Hank

Real reason it might hit $100 or even more:

(1) Very low float!

(2) Market Cap very low compared to CDNW and NTKI!

(3) They are making money!

(4) They have been in business and do have a some what track record!

(5) Have been impressed with their sales growth last 6 months even without the internet help!

(6) Too many people bearish on the stock!

(7) Shorts can not find shares to sell short! Means Squeeze!

Hank



To: Devil's Advocate who wrote (285)4/20/1998 11:35:00 AM
From: Rashid Garuba  Read Replies (2) | Respond to of 3203
 
The pattern (if you can call it that) of Ktel so far is to double in 2 - 3 days and retrace about 25%. I think that's what this week holds. A double from the $25 area to $50 with a retracement back to just under $40. That should put us around thurs/fri.

Next week will take care of itself.

Rashid


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