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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 (1753)5/10/1998 2:16:00 PM
From: Rob S.  Read Replies (1) | Respond to of 3203
 
I haven't tried to short it again. I did try to enter orders in to short it at 54 and then again at around 72. I think both of those positions would eventually turn profitable but neither of them got executed. Neither Waterhouse, or Brown & Co. had shares available.

Even if investors subscribe to the 12 month 100 $ target, which many analysts have said is outrageous, KTEL is overpriced for this early on in their entry into the internet. My guess is that the stock will come down after it splits. surprised they didn't do a 3X or 4X:1 split.