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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Mike Farrar who wrote (8158)	5/1/1998 10:16:00 PM
From: Frank	Read Replies (1) \| Respond to of 18691

here is a ktel story : biz.yahoo.com Frank

To: Mike Farrar who wrote (8158)	5/2/1998 2:35:00 PM
From: White Shoes	Respond to of 18691

Jeffrey, it's slimy, but I just wonder, is there a law against tightening up your stock by owning a lot of shares, is there a law against marketing your company differently, taking advantage of a window of opportunity, becoming the flavor of the month, using press releases to pump up your company's prospects? Maybe a few MM's have been guilty of manipulative actions, but you'll never prove it and mostly the market did this all on its own thanks to a short squeeze and public buying frenzy. What is really to blame is the market mania that pumped CDnow etc etc. up to the heights they were at, insane valuations...but it is a valuation argument that was behind Riley's recommendation of KTEL. Where there is smoke might there not be some fire? No doubt some of these companies will go out of business but will players like AMZN, KTEL, etc. end up growing into their insane valuations? There is something very powerful and real underlying the apparent insanity. And then the next conclusion is that these sellers will become partners with the main internet portals like YHOO and XCIT and even GNET and that touches off a whole new thought process and another round of insane valuations...which again, might not be as insane as they seem. The real manipulation already happened. Companies like CDnow got themselves way overvalued. It will take years to sort out the pretenders from the real winners.