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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: wmj who wrote (2703)	11/17/1998 4:33:00 PM
From: Tom Hua	Respond to of 3203

<<There was a lot of selling today, but people were sucking up all those shares the whole way down. >> wmj, it was the shorts taking profits that has helped to slow down the free fall. Not too many people are buying to go long at this point. <<or is everybody really pissed at KTEL?>> The company is a joke, but I love the stock. I see no rush to cover my shorts. Regards, Tom

To: wmj who wrote (2703)	11/17/1998 4:46:00 PM
From: Kevin McKenzie	Respond to of 3203

I am considering buying if we go much lower...does anybody agree with my sentiment, or is everybody really pissed at KTEL? There will be some further bursts of short covering, but, unless you are very agile, I bet going long KTEL will be a losing proposition at this point. Now we have two waves of frenzied buying into the high 30's and, both times, the stock has disintegrated within weeks. The first time, the stock was propelled by unscrupulous analysts and KTEL's initial entry into "internet". This time, the stock was propped up by management press releases and omission of (in my opinion) extremely pertinent information.) Only day traders will profit on the long side of KTEL (like those who bought AVCO at $4 or $5 dollars yesterday morning and quickly dumped into short covering. As others have asked, "Who will trust this stock anymore?"

To: wmj who wrote (2703)	11/17/1998 5:17:00 PM
From: zax	Read Replies (1) \| Respond to of 3203

I am considering buying if we go much lower...does anybody agree with my sentiment, or is everybody really pissed at KTEL I bought some on the cheap today, wmj. I believe KTEL will be able to make the minimum listing requirements when all is said and done... even if they have to privately raise capital to do so. This is all just my humble opinion, and I wouldn't recommend anybody buy or short this stock if they aren't willing to make a risky investment. Frankly, however, this stock compared to Amazon.com is clear buy. If you think KTEL is a scam than Amazon.com is one thousand scams. Compare the market caps of KTEL and AMZN and you should get an idea of the humor involved in the valuation of these internet stocks. Also note that Amazon.com's tangible value listing level is a very near parallel to that of K-tel's. What we see here is the exact same phenomena that occurred on the bounce from 10 to 30 that occurred last week. Just a bunch of pathetically pessimistic shorters driving the stock down to such low levels and failing to realize that it is only momentum play of the stock on the short side causing it to fall. Short of a delisting actually happening, I see a phenominal short squeeze in the works for a second time, and huge upside profits for myself, for a second time. I wish everyone, long and short, the best of luck. Regards, -- Eric