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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: Rashid Garuba who wrote (417)4/20/1998 7:42:00 PM
From: Mortis  Read Replies (1) | Respond to of 3203
 
Just because a firm announces that it will sell via a new medium does not mean it should trade at multiples similar to those enjoyed by "entrenched" firms. I believe that KTEL is overvalued at these levels, and plan on shorting if we see the upper 40's again (mind you with a tight stop ;-)

Mort



To: Rashid Garuba who wrote (417)4/20/1998 7:48:00 PM
From: Mr Metals  Read Replies (2) | Respond to of 3203
 
You might be right for now but one day( very soon) KTEL will be crashing back down to reality. How many KC and the Sunshine Band records/CDs can you sell.

Mr Metals



To: Rashid Garuba who wrote (417)4/21/1998 2:53:00 AM
From: Van Nguyen  Read Replies (1) | Respond to of 3203
 
Could you find any stock that rises almost 10 fold in a week, but Bre-X. Has it ever happens that a same analyst within 3 days values a stock @ 5 and then change it to the range of 30-50.
What would happen if Philip Morris decides to sell its Marlboro on the Net. Will it go to 400 within a week????


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