To: Jenna who wrote (8880 ) 5/1/1998 7:42:00 PM From: Jenna Read Replies (2) | Respond to of 120523
KTEL..I was asked why I didn't put it in my watch list. Well my only answer is that I should have noticed the Stochastics showing an OVERSOLD this morning. All the other chart patterns indicated a strong upward trend. Actually I'm beginning to seriously, if belatedly, consider this company as a future trade and will watch/trade it in the next few weeks. I watched OZEMY climb from +1/16 to + 1 3/16 and I watched AOL jump from +1 1/2 to +3 9/16 without getting on the bandwagon. Mostly this was because of the increased valuations in the market and the fact that the weekend was coming up. I did get out of NSOL, CDNW this afternoon but as in the oil service sector, I will not hesitate to jump right in when the internets resume their ascent. In the future I will post the "first tier" internet stocks on my watch lists. 5/01/98 - STOCK INVESTOR TRADIN NEWS REITERATES STRONG BUY ON KTEL WITH $100 TARGET AUSTIN, Texas, May 1 /PRNewswire/ -- Stock Investor Trading News (http://www.sitn.com) has reiterated its "Strong Buy" recommendation on shares of K-tel International (Nasdaq:KTEL ). Stock Investor Trading News initiated coverage of KTEL on April 17 at $21-1/8. "We are pleased to report that we have reviewed K-tel"s new "K-tel Express" website (www.ktel.com) and remain highly confident that K-tel will indeed be a serious competitor in the burgeoning online music retail industry," says Fundamental Analyst Louis Riley. "We believe that the company"s current share price still offers investors an excellent opportunity to participate in an emerging retail segment that is expected to grow explosively in the months and years ahead. 5/01/98 - K-tel Express Acquires Rights to Publish Billboard Chart Package on Web Site LOS ANGELES (May 1) BUSINESS WIRE -May 1, 1998--K-tel Express (www.ktel.com), the new online music service from K-tel International Inc. (Nasdaq:KTEL ) debuting Friday, has acquired the rights from BPI Communications Inc. to publish Billboard magazine"s weekly Chart Package on the Web site. The announcement was jointly made Friday by David Weiner, president of K-tel International, and John Morgan, vice president for electronic media at BPI Communications. Under terms of the agreement, K-tel Express will publish Billboard"s closely watched album, singles and video charts each week over the next year. The online music service will post the chart package at 9 a.m. Eastern Time each Friday.