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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 (2720)11/17/1998 8:46:00 PM
From: Dennis Lee (Hijacked)  Read Replies (1) | Respond to of 3203
 
How's it traded in after hour ? It'll be wild again tomorrow and could go either way. This morning it even went up above 20 after the delisting news went out. Last hour's multi point drop is due partly to panic selling. And I saw certain market makers stayed at bid most of the time and picked up shares at 11-13 levels. It's fun to daytrade this thing. you will only lose sleep if you hold it overnight, long or short.



To: Tom Hua who wrote (2720)11/17/1998 8:49:00 PM
From: Jonathan C. Williams  Respond to of 3203
 
Forget about delisting, people should worry about bankruptcy. Is it not odd that receivables are 13 million and sales are 18 million/quarter. - buring cash at the rate of 4.8 million the last quarter (from operations). - Debt beyond beleif, - They pay playboy to be on their site (I am sure if I paid playboy $900,000 they would let me link from their site - or anyone else for that matter) - This company destine for $3.00/share No Hope. Competition is breathing down their throat. In my opinion.



To: Tom Hua who wrote (2720)11/17/1998 9:04:00 PM
From: Anthony@Pacific  Respond to of 3203
 
Tom thanks for the info..but I think we are all aware of it, When i posted my first message about the delisting You could have sold the stock between 18 and 19 1/2, as many as you wanted....for almost 30 to 40 minutes before Dow came out with the news.. I hope some people took advantage..I know I was in shock that a few people refused or didnt want to believe me about the info until it hit DOW,...I got it straight off of Bloomberg and I reconfirmed it in the Q.....I personally thought it was a rare no-brainer....