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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: PaperChase who wrote (2484)11/10/1998 4:27:00 PM
From: RealMuLan  Respond to of 3203
 
You must be new to KTEL. This is nothing compared with the maniac when KTEL had only 700,000 shares of float. Millions of unregistered shares had been shorted.

The longer I observed Internet-related stocks, the more I realize most of the reason for their crazy upward run is contributed to the short covering. So on the save side, buy long when they dip. They bound to dip sooner or later. So if you miss one run, you can always catch another one. And do not short them.



To: PaperChase who wrote (2484)11/10/1998 5:21:00 PM
From: Anthony@Pacific  Read Replies (1) | Respond to of 3203
 
It came from a 500 share average ticket size and day traders going in and out a thousand times each during the day..... plus a good sized short selling camapaign that will not end just yet...so I see it could go much higher before it comes off in the next 3 days.