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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: Louis Riley who wrote (2437)	11/5/1998 4:47:00 PM
From: zax	Read Replies (2) \| Respond to of 3203

Look how volume has dried up - it is dead. Closes in single digits today. Cut me a break! This company's business model is no different (in fact its better) than Amazon.com's, AND K-tel International has a much better known name in the real world. They also don't have the brick and mortar inventory problems that Amzmonuts talk about all the time, that BKS and BGP do. AMZN went from 14 to 128 in six months, I see little reason KTEL can't... just basic inventory expansion. And with the FED pumping in the bucks... well, we all know where the bucks go... straight to the high internet betazoids. This stock is KING of the high internet betazoids. Notice also, that the volume today thus far has been HIGHER than AMZN's. Lastly, note that, unlike AMZN, KTEL has a PROVEN HISTORY of TURNING REAL PROFITS. This, in my rather strange opinion, is one of those little things that REALLY SEEM TO MATTER in the LONG RUN. Call me crazy. Thus, if I were a speculative internet investor (which I am), or an AMZN investor tired of watching my money go nowhere (note that AMZN has lost all growing power and is below its peak level of 143 of over three months ago), this is the place to park them bucks. MHO -- Zax

To: Louis Riley who wrote (2437)	11/5/1998 6:30:00 PM
From: Louis Riley	Respond to of 3203

An excellent observation from a poster on the Yahoo board. All of the previous shorts were squeezed and bailed on Tuesday. It is time for the long squeeze now: << Most Longs Are Now in the Hole by: IBC123 15467 of 15472 Most speculators who bought this stock in the last 2 days are now in the red. Unless they were quick enough to get filled in the first 15 minutes on Tuesday, they likely have purchase prices ranging from $13-16. Notice how the volume continues to dry up with todays volume less than 1/2 yesterdays and 1/5 Tuesdays. From a technical standpoint this stock is indicating a sell. From a fundamental standpoint.....well everyone knows KTEL's losses are accelerating so we dont need to dwell on that. >>