SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end? -- Ignore unavailable to you. Want to Upgrade?


To: Reno With Love who wrote (1253)4/30/1998 4:30:00 PM
From: Deliveryman  Respond to of 3203
 
I have been here before... a stock that is empty and is being hyped...the payoff takes a while, but is great when it happends.

I am touched by your concern

You know its going up, because of a feeling, I know its going down because I know the company, and what the numbers will add up to...



To: Reno With Love who wrote (1253)4/30/1998 4:34:00 PM
From: purecntry5  Respond to of 3203
 
I hate to tell you, but this has nothing to do with a short squeeze. There are only 900K in the float, and when it trades 2.5 million there isnt much left to squeeze.
Go long only if you think a greater fool will buy your shares at a higher price. I very successfully did it twice, but as with anything on WS, what worked doesnt work for long. JMO! Good Luck

ۇ



To: Reno With Love who wrote (1253)4/30/1998 5:11:00 PM
From: Van Nguyen  Read Replies (1) | Respond to of 3203
 
I hope you were right so I could short some more.



To: Reno With Love who wrote (1253)4/30/1998 9:57:00 PM
From: Tony Dang  Read Replies (2) | Respond to of 3203
 
To Reno:

On Tuesday, Apr 28 1998 2:20PM ET you posted:
"this stock is definitely headed up, friend. probably to around $100 or $200 before the end of the week."
What are your reasons for the rise in valuation to $100 to $200? Seeing as how tomorrow is the end of the week, it needs to go up about $60 to $160 tomorrow. Great call if it happens.

On Tuesday, Apr 28 1998 7:35PM ET you posted:
" KTEL is a good buy. Compare market cap to CDNW!"
As of 24 April, CDNW had a market cap of $433M and KTEL of $102M. How can you tell from these numbers if KTEL is too cheap or CDNW is too expensive? Or how the two numbers are comparable at all?

On Tuesday, Apr 28 1998 4:26PM ET you posted:
"We'll see a big marketing agreement tomorrow and $60 a share."
And on Wednesday, Apr 29 1998 8:15AM ET
"this is going to be a big day for KTEL! a big announcement will fuel a great day for longs, it's reckoning time VERSION 3!!."
If I remember yesterday correctly, KTEL went down and closed at 33«. Maybe you meant to say it would be a great day for longs to buy at a lower price.

On Thursday, Apr 30 1998 12:49PM ET:
"Mr. Riley, I am tempted to buy even more KTEL with your recommendations, but I was wondering if you will tell us when you are no longer a bull on KTEL? Because I have to admit I'm getting a little nervous now."
Why are you getting nervous? If KTEL was a good buy at 39« when you bought 500 shares, then it is a better buy at 36« (approximate price at 12:49 on Thursday), even better at yesterday's close and a positive steal when it goes to $100 to $200 by the end of this week.

On Thursday, Apr 30 1998 4:23PM ET:
"The fact is, KTEL proved you shorts wrong ONCE AGAIN today by rising over 10%."
KTEL made up the ground that it lost yesterday, a day when you said it would go to $60. So what's with the "in-your-face" attitude towards the shorts? Seeing as how yesterday was a down day, you could have made money as a short. Seeing as how you are long at 39« and somewhere near 37 today, it looks like you are still out of the money.

My apologies to you in advance if it sounds like I'm picking on you, but you make assertions without reasons, point out valuation comparisons that don't make sense without context, display a superior attitude when the market ticks in your direction but do not acknowledge a blown call, and flip-flop on your assertions while looking for someone to hold your hand. If you want your opinions to be taken seriously, offer relevant insight or a novel point-of-view instead of hype and people will soon see the wisdom of your posts.

My apologies to the rest of the board for taking up your time. In the meanwhile, I will wait for the 160 point rise tomorrow.

Tony