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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: Robert who wrote (2501)11/10/1998 9:32:00 PM
From: Dave Kosmayer  Respond to of 3203
 
Hype Hype Hype seems to be the story around KTEL now a days. KTEL last week it was Playboy so lets shoot up the stock 110% OK that didn't work back down to $10 (Yes I was Short) Now this week it's a much better partner, a link on the MSN site. Wow today 90% tommorow who knows, next week back in the low teens, week after that back to $10. KTEL is no AMZN so don't try to compare some crap CD company that sells crap CD's against Amazon.com Plus there are more and more CD on line sellers every month online. So my point is we all win, if you go long when it's low great, now go short when it's up HUGE! Of course you have to be very careful, I have no position in KTEL as of tonight but tommorow I will be looking for an entry point to go short 100% and if it goes up oh well because in the end KTEL will drop back down.

Dave.



To: Robert who wrote (2501)11/10/1998 9:38:00 PM
From: michael liu  Read Replies (3) | Respond to of 3203
 
If you want to open a short position, I seriously ask
you to reconsider your decision. KTEL's market cap
is less than $200 million. Its floating shares are
single digit. Microsoft is a big factor which you
can not ignore. It will not buy KTEL up, but equity
investment is not impossible. Playboy deal is a real
revenue generator. Think twice before you make the
decision. However, it is a trading stock. Whether
it can become a $1B internet company will leave to those
big traders.

Michael