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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: MR. PANAMA (I am a PLAYER) who wrote (1807)	5/7/1998 5:43:00 PM
From: Rashid Garuba	Read Replies (2) \| Respond to of 3203

Quite a lot of negativity regarding Ktel lately. Seems the concensus is Ktel shares should be cheaper. Given Ktel's current condition, it may be overvalued. One must not forget to factor in what Ktel's condition could be in 6 months. Rest asured Ktel management is doing everything on earth to improve their business. I think the market will maintain Ktel's current valuation or higher until the first results of their internet foray are known, probably 2 quarters from now. The market is, I think naturally optimistic. Also, don't know if anyone's noticed, but over the past four days Ktel's had higher lows each day while refusing to break $70. Usually means investors/traders/gamblers are refusing to let go of their shares i.e. the weak holders are leaving the table. Formations like this usually break to continue the prior trend. Barring any catastrophies at the company, should crack $70 tomorrow or $35(post-split) Monday. May join the party just over $70. Rashid