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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: Mama Bear who wrote (1225)4/30/1998 1:12:00 PM
From: McNabb Brothers  Respond to of 3203
 
Barbara,

I agree with you 100%, for that is the reason I'm long! This stock is over valued, but what is not in this market? The traders are not through with this stock and it could go either way, my bet is it will go higher! If it breaks the old highs it will be off to the races again!

Hank



To: Mama Bear who wrote (1225)5/5/1998 11:14:00 PM
From: Katherine Derbyshire  Read Replies (3) | Respond to of 3203
 
>>People shouldn't disrespect Lou Riley the way they have here. I
admit, if he's just come into your awareness you could jump to the
conclusions that some have, but if you have known him for 2 years
the way I have, you sure wouldn't want to play against him. <<

I don't want to play against anyone who's using loaded dice.

I read a lot of press releases from a lot of people. Few *company-issued* press releases shovel out as much hype with as little justification as Mr. Riley's "KTEL will hit $100" release did. Probably because companies who make wild predictions like that tend to get sued.

I'm sure he made a ton of money for himself and his clients, but I think you'll see pigs fly before KTEL brings in actual earnings to justify that kind of valuation.

Katherine