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Technology Stocks : INFOSEEK (GO) -- Ignore unavailable to you. Want to Upgrade?

To: Rene Madsen who wrote (4469)4/20/1998 3:56:00 PM
From: ViperChick Secret Agent 006.9  Respond to of 9343
 
KTEL
is up on a TRUE short squeeze and it may not be over today....



To: Rene Madsen who wrote (4469)4/20/1998 3:59:00 PM
From: Sowbug  Read Replies (1) | Respond to of 9343
 
I think if I *had* to play the short-play I'd play KTEL - up 50% today on thinner air than SEEK (which will probably open up 4 again tomorrow)

There was a great story on CNBC today on how an orchestrated short squeeze works, with KTEL as a perfect example (1 million share float; longs moving their shares to cash accounts so they can't be borrowed by shorts, causing trigger of T+3 rule and forcing shorts to cover via share recall).



To: Rene Madsen who wrote (4469)4/20/1998 4:01:00 PM
From: craig crawford  Read Replies (2) | Respond to of 9343
 
KTEL is out of the question as a short. XCIT turned red, AMZN and LCOS too. ATHM, RNWK, etc are down and other smaller players are showing signs of weakness. Only the big boys YHOO, AOL, etc are holding up, and they even look tired.

The volume on SEEK is incredible, like it always is near tops.


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