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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: Nelson Chang who wrote (1421)5/2/1998 5:40:00 PM
From: Craig Rogers  Read Replies (1) | Respond to of 3203
 
I would like to see another 10 points up on Monday, (from the way you are talking it may be a lot more). I don't feel sorry for the shorts. They have a bunch of my money from VVUS, shorting the heck out of it after it jumped up on a strong buy rec.

I've got to make it up somewhere and Ktel is a great place to do it.

Craig



To: Nelson Chang who wrote (1421)5/2/1998 8:14:00 PM
From: James Young  Read Replies (1) | Respond to of 3203
 
Nelson/All - How are you and other short sellers able to borrow shares to short( giving the fact that only 700,000 shares are floating and the most of longs have moved their positions from margin to cash accounts)? I would think most of the shorts are market makers since they could do naked short sales? Moreover, does anyone see any resistance above 49?

Thanks in advance for your comments.



To: Nelson Chang who wrote (1421)5/3/1998 6:56:00 PM
From: McNabb Brothers  Respond to of 3203
 
Nelson,

Not only will shorts be covering, but some will have buy stops in at the $49 1/2 to $50 level also, which will drive the price even higher! I had a buy stop in on Fri. at $49 3/4, because I figure if it hits that KTEL will go much higher! I will wait to see how it opens Mon. before I replace the order, for it could very easily gap up on Mon.!

Hank