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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: Rudy who wrote (10761)	4/20/1998 2:13:00 PM
From: Wall Street Jr	Read Replies (1) \| Respond to of 13456

Well Rudy, I guess I'm going crazier than you are. I discovered KTEL when YHOO announced earnings. I shorted the stock for the contestlast week and lost. I should have had more faith on the market than on the stock. But you are right, it is CRZY. In the past the market was pricing a stock like a quarter in advance. Now, the market is pricing a stock sort of like 2 years in advance. KTEL was/is making money no matter what. Going online for KTEL to sell cds is what investors are speculating on that KTEL will make more money. I believe long term the company will do well but to buy the stock now is very scary. Like you said, investing depends on tolerance and time.

To: Rudy who wrote (10761)	4/20/1998 10:04:00 PM
From: WTMHouston	Read Replies (2) \| Respond to of 13456

Rudy: I agree completely, especially on KTEL....The closest thing I can recall is the Y2K stocks a while back...after all the hype and mania, they all came back to earth. Even though there are fundamental differences between this and y2k, they are not enough different to justify this. KTEL today traded almost 4 times its total outstanding shares. Even accounting for NASDAQ's 2 to 1 overstatement, the "real" volume was still nearly twice as large as the TOTAL outstanding shares. I have no idea what the float is, but the ratio has to be larger against only the float....A lot of paper trading out there....the same shares are changes hands a lot of times and/or the MM's are seriously short and naked. From what I have found, KTEL's average daily volume for the first three months of this year (through around 3-20) was around 4,000 shares a day. Today's volume was over 3500 times greater...Now that's really MO with 100 point type. But, look at the relative side...even at this level, the PE is only 78.5, a mere fraction of some of the other flyers....must mean it is still an incredible bargain...:) Heck, to hear it told by some, nothing in this group/sector should be at less than a 500 PE (assuming they even have earnings)....That would make KTEL worth around $265 (pre-mega splits of course)...still a penny stock in relative terms. Insane? Yes Weird? Not for the insane: otherwise, yes Crazy? Just CRZY Manic? Not until it falls Huge? Does not get any huger (I know its not a word, but +625% in 6 days is not in my vocabulary either). Awesome? Yeh, dude, never been a wave like it.... Amazing? That anyone is still long...... KTEL info below... Troy TODAY KTEL - K-TEL INTERNATIONAL Exchange: NASDAQ Last Price: 41 5/8 at 16:02 Change: Up 12 15/16 (+45.10%) High: 49 1/2 at 12:50 Low: 30 at 9:36 Open: 33 Previous Close: 28 11/16 on 4/17 Volume: 14,224,400 30-Day Avg. Volume: 913,000 Shares Outstanding: 3,816,000 52-Week High: 29.43 [Ancient history: it is a day old] 52-Week Low: 5.62 [x 100 = the 5 day percentage gain] Beta: Not Available [The machines don't go high enough] Yield: Nil [Unless you went long at 8 or less] P/E Ratio: 78.5 [A real bargin] EPS: 0.53 [adjusted for a certain 25:1 split, it could be .02 like many others]