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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: Tom Hua who wrote (2701)	11/17/1998 5:44:00 PM
From: zax	Read Replies (2) \| Respond to of 3203

JFTRADERS, in light of the pending delisting, no one in the right mind would buy this stock. Due to the huge short interest, short covering is keeping it from instant free fall to low single digits. Anyone covering now is throwing away easy money. The fact of the matter is KTEL has not been de-listed. You are yourself speculating in announcing the stock will be delisted when no such outcome can be predicted with any degree of certainty, and I am certain that you are short. KTEL was properly performing its due diligence in announcing that Nasdaq was reviewing its listing status. The company let us know that it was appealing the review in the statement, which was quite appropriate if you ask me. KTEL has now inked the same sort of link agreements with Microsoft and Playboy that Amazon.com (which hit a new high today) inked with other sites on its path towards its present valuation. I would argue that your long term financial interests would be much better served shorting Amazon.com than in shorting KTEL, if you have a problem with the valuations of internet stocks at present. The phase of the e-tail capitalization cycle this stock is presently is on is no different than that Amazon.com was in upon its IPO over one year ago. Compare the curves, friend. It is Amazon.com that is in a far greater fairy-tale valuation land, not KTEL, considering the present multiples given to internet retail stocks. AMZN is trading at practically three times Barnes and Noble and Borders combined in market cap. Amazon.com is NSCP of three years ago, on steroid overload. Frankly, I think you are looking at the wrong end of the horse, and being short on KTEL as part of a momentum play is a far more likely way to get burned than on the long side. I could be wrong, I'll always grant that. But I'm long, holding on, eyeing purchasing more, and quite proud. Good luck. -- Eric