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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: McNabb Brothers who wrote (1360)5/1/1998 2:51:00 PM
From: Van Vo  Read Replies (2) | Respond to of 3203
 
Everyone, please stay away from this stock. This obviously isn't
investing, but purely gambling. And in gambling whoever having
lots of money & patient will eventualy win the game.

You will be NEVER able to beat MR. Riley and his associated MM,
unless you are one of the big MMs out there and you have more
money than Mr. Rileys'. So if you think are a small investor;
I repeat, PLEASE stay away from shorting this stock (and be
*EXTREMELY* careful if want to go long on it.)

Mr. Riley:
Do you think you are the richest one on the earth? If so,
please continue to pour more money in to drive KTEL price up.
I believe many big MMs are now watching your activities, and
waiting for until you push the stock to the level attractive
to them they will jump in all over you to such the money out
of you, and you will be like just one of your current victims,
the small investors.

Best Regards,
Van Vo



To: McNabb Brothers who wrote (1360)5/1/1998 3:02:00 PM
From: Ron Sirch  Respond to of 3203
 
Looks like a little breather here to cover or pick up some more compliments of Joe and CNBC. Main stream Wall Street still doesn't know the web site is up! Probably don't know that it was scheduled for May 1 and it was delivered ON TIME. Joe said it looks like people are starting to believe in this "Music Express" the company is "GOING TO HAVE" on the internet. Can't really blame him though. It really hasn't been announced to the world yet. People here are still among the privileged few. Please remember that.

Joe did know from the press release that K-Tel was developing a customer CD service allowing customers to put their own CD's together.

Last I looked, N2K had a price to sales ratio of 31.9; K-Tel 1.85. Yes, 31.9 vs. 1.85. As expected, they are beginning to move closer. Still a very large differential though and that tells me we have a lot more to go. I'll be working up the new numbers over the weekend based on closing prices. And I'll pass them on to Joe.

Ron Sirch