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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: Enam Luf who wrote (2419)	11/4/1998 6:21:00 PM
From: Louis Riley	Read Replies (1) \| Respond to of 3203

<< Louis, I am surprised to hear that you are short. While I agree 100% with your assessment of the company, the float is still thin, and still heavily shorted, which makes it dangerous, at any price level... Thank you for your concern, but this one is a lock. It was a two day hype at best, and day two just ended. The fact that the stock closed below its open, near the bottom of the day's range, on less than half of yesterday's volume, tells you that the hype has already died, and that the fantasy of a further short squeeze is exactly that. I expect single digits by Friday afternoon.