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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: zax who wrote (2807)	11/20/1998 3:54:00 PM
From: Brentsky	Respond to of 3203

You don't believe attorneys take on class action suits unless they feel very certain of getting something? Why would a law firm risk thousands of dollars it cost unless the chance of winning was at least 80% or better? This is an unbelievable case of fraud and manipulation. You want to go long?, be my guest, you'll probably be selling me my cover on my short next week! lol Brent

To: zax who wrote (2807)	11/20/1998 5:00:00 PM
From: Land Shark	Respond to of 3203

"There's a sucker born every minute" - P.T. Barnum. Sucker!!! You think this pos is going anywhere? Look at the recent trend. The stock churning just has been short covering and reshorting. The momentum is down, no big money getting into this one. KTEL will soon be KTELQ (guess what the Q stands for). Let's see with a company facing multiple lawsuites, what financier would dare stick one penny into this co.? That's the basic problem KTEL has to face and it'll be thrown into the pink sheets if it doesn't come up with financing soon. With a cash burn rate of over $3 million per quarter, it's situation is getting worse too. It will very soon run out of cash and go BK. Quite frankly, I don't think there's much of a market for trashy compilation albums. I don't think KTEL will be missed by many. You're a fool to go long on this one and I think you'll probably lose your kids college money.

To: zax who wrote (2807)	11/20/1998 9:35:00 PM
From: Anthony@Pacific	Read Replies (2) \| Respond to of 3203

"SUCKERS OPEN", Works everytime!! Thats ok, we rely on those who refuse to get out, there are always a 1000 or so shareholders that are priveleged and married to everty deal. As the weake r short scover and daytraders get out and move on to other deals...we can expect to see it drift and drop to under 2 bucks.... To rest of the shorts who actually know what you are doing... Market Makers, Having been one for over 5 years, set up usually what is called a "Suckers Open"... You should never believe a stock is going higher because it gaps up...especially when the company has been plagued by bad news.......You are being sucked in as the Bag Holder Sell on any 2 point bounce.....Heavy,....cover after a 1 point drop....half, and wait, incase it bounces again...if it doesnt after 2 to 3 days....then sell, into any uptick and wait for it to fall...when covering do it on down turns and buy only 2-3 thousand shares at a time...and space out your buyimg in times of little or no activity around lunch time is usaully slow as MKT MKRS eat at their desk....The end of the day is the worst time in the world to ever buy any thing...It is usually a false indicator.... never reflect your entire order it can send other Mkt MKRS to run and cover infront of you, I would assume evry market maker is short, and unlike the Public they usually are not responsible for any squeezes but it is the Public that usually hurts itself( You are your own Worst Enemy) AND DONT EVER THINK YOU ARE NOT..