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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: re3 who wrote (2431)	11/5/1998 9:02:00 AM
From: Louis Riley	Read Replies (1) \| Respond to of 3203

Stock has already traded as low as 14 on Instinet this morning.

To: re3 who wrote (2431)	11/5/1998 10:03:00 AM
From: zax	Read Replies (3) \| Respond to of 3203

Hi zax, is there still time on this one... I noted it went up nicely then dropped back Yeah... I think this one has a lot of short squeezes left in it. It has that magical "religious fervor" behind it that AMZN does... it is as well known (among investors) as AMZN, but is still very near the maximum of its the high beta stage of infancy. This means that there are tons of shorters dying to pile on. I think the price is down right now due to tons zealous shorters holding for a lower price. Unfortunately, what they do not realize is that they are the only ones holding it down. The longs have no intention to sell for the next 10 years. The longs, win over the shorts in the "zeal" department. Some even have the stock certificates on their refridgerators. Thus... although you may think the price has settled down... it has actually settled UP! The short interest is so high, that the ultimate contrarian indicator of impending explosion in the stock has actually manifested itself. Understand? This means, BUY LIKE THERES NO TOMORROW right now! As it begins to drift upward, the shorts feel pain. And then more pain. And then more pain. The longs only get more confident. Remember, in the test of ability to hold ones position, longs generally win out over shorts... unless the company is actually in grave financial danger. This one isn't. Hence, IT A RUNNER, BABY! -- Zax God Bless America