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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (17001)	4/21/1998 1:57:00 PM
From: yard_man	Read Replies (2) \| Respond to of 94695

James, I don't care why it's happening. It's indicative of speculation gone nuts as are the internet stocks themselves. The broader market is overvalued by at least a third here. All I'm saying is tread lightly.

To: James F. Hopkins who wrote (17001)	4/21/1998 2:50:00 PM
From: MulhollandDrive	Respond to of 94695

Jim, excellent post. When I saw the first runnup of KTEL, I thought exactly the same thing, (unfortunately did not act on it with $$$$, long that is) My reaction was this is just too obvious, a short squeeze just waiting to happen.. I agree with you that the market mechanics that allow this type of thing should be changed. KTEL should have been halted and an accounting made of the shares. I usually stand aside when I see the sort of wild gyrations happening in circumstances such as this, just not worth the emotional angst.....

To: James F. Hopkins who wrote (17001)	4/21/1998 9:58:00 PM
From: robert b furman	Respond to of 94695

James have enjoyed your real world posts. Thank you for so eloquently describing the nightmare short scenario ripping - off investors who misrepresent their positions to jump into the outrageous greed being displayed regarding KTEL. I see your profile indicates tug boat - I live in the woodlands and sell G.M. products in cleveland Tx. Where are you located - do you know where TIKI island is? Do you go fishing out in the deep waters of the gulf? I really have seen only one whale far out off south pass Venice La. . We were trolling The weed line for Bill fish. Thanks for the color on this thread. P.S. Where is the head vs. the tail after today's activity . I have always noticed that major tops often end with small low priced "dogs" having their day - I think your head vs.tail analysis is a quantifiable method of confirming this . Have you ever back tested that analysis for major tops just before major declines - I.E. 87- or 83 ?