Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: waverider who wrote (21503)	5/5/1998 9:15:00 PM
From: John Carpenter	Read Replies (2) \| Respond to of 95453

Off Topic I can't believe K-Tel's range today- 57 to 79 There are many stocks that have a yearly range like that! I think it's pure gambling-Las Vegas on Wall Street (some would probably argue my point and say that all investing is gambling.) I agree with you Diamond-I would never buy something like K-Tel, AMZN, YHOO etc. But there are a lot of speculators out there and usually these things end badly, but nobody knows when-like musical chairs.

To: waverider who wrote (21503)	5/6/1998 1:21:00 AM
From: Jack Be Quick	Respond to of 95453

Diamond H, OT re:KTEL What I want to know is WHO is buying this thing? Apparently, it is not so much a matter of who, as of how often. The quote service on AOL says there are 3,816,000 shares outstanding, with 12,901,300 shares having been traded today. (I think I also heard today that the actual float is only a million shares.) So, even with double counting on Nasdaq, this is a lot of the same shares being traded repeatedly during the day. My guess -- Warren Buffett is behind it all. I find it interesting how big an impression the KTEL trading seems to be making. Every day we trade in the equities markets knowing that somewhere else others are sitting down at roulette wheels seeking their fortunes; but that doesn't affect what we do here, and why should it? But the KTEL trading seems to be taken as somehow having a direct bearing on every other trade in the market. I suppose this is because they put up the numbers on the same lists of most active stocks, largest percentage gainers, etc. But consider, if they posted the Lottery winners on the daily percentage gainers board, even the KTEL people would look like chumps -- why fiddle around with stocks when you can get such a large percentage gain on a $1 Lotto ticket? Personally, I just shrug off the KTELs in this market as a different game, played by different folks, having nothing to do with me. (Otoh, the current high valuations in the overall market do concern me; but that's a different topic.) Regards, John