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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: jonj who wrote (470)	4/21/1998 1:20:00 AM
From: Paul Kim	Respond to of 3203

KTEL won't come down until the MM's are done with playing with it...and IMO that day has come. Looking at the daily chart of today's action, notice a sharp reaction when it spiked upwards of 49 in a very short time...it came crashing down just as fast. All this action with a huge volume spike as well. My guess is that most MM's are now out of it all together -- if not net short. Which means look out below. I expect a push through opening a bit higher (due to all short covering) then a huge tumble. No one in their right minds would want to be long this stock at this price...and MM's are not in the charity business. Another point, don't be surprised to hear a rumor regarding a SEC investigation. They have been known to halt trading on stocks they believe have been manipulated. Recent examples: IBUY, CAML. MM's will definitely want to get out before the door slams shut. Be careful.