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

To: ted birnbaum who wrote (8984)	5/20/1998 2:10:00 AM
From: craig crawford	Respond to of 18691

<< I notice the past few days its getting some strange looking buys late in the day. >> I'm not sure what's really going on, but I know that KTEL has notoriety now and the SEC and NASD are monitoring it closely. I think the incentive for MM's or anyone else to monkey with the price has lessened a great deal now that everyone is keeping an eye on KTEL. I think most consider it not worth their time to try to engineer another squeeze. Much easier to move on to the next (less scrutinized) stock. The momentum players are leaving KTEL as well, the rallies are mostly short-covering rallies. I can tolerate those, I don't claim to have picked a near-term top on KTEL. All I know is where KTEL is going to end-up, not what path it will take to get there. I am confident that it is going back to the single digits. << I hear some insiders filed to sell around 600k of shares. >> Will only help the shorts by providing extra liquidity and some selling pressure.

To: ted birnbaum who wrote (8984)	5/20/1998 11:37:00 AM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 18691

Ted, I agree KTEL trading looked strange the past few day, however, I still think the downtrend is in place and today is confirming it. You can almost draw a line from the top. Unlike most days we didn't spike up 2 pts at the open (good sign). I also boxed my short, but have a lower average cost (22). As long as the volume remains low and the price swings small the momentum investors will continue to leave ktel alone... If we bounce off 22 again back up to 29 I will probably re-box. Also people are starting to find shares to short.