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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: tool dude who wrote (2878)11/28/1998 12:21:00 AM
From: Tom Hua  Read Replies (1) | Respond to of 3203
 
Tool, None of the shorts I know covered today. I think it's a bear trap on the naive longs. We'll see next week.

Regards,

Tom



To: tool dude who wrote (2878)11/28/1998 10:59:00 AM
From: StockDung  Read Replies (1) | Respond to of 3203
 
Some institution may be getting a free 6 million. Very easy. Just buy 6 million dollars worth of KTEL stock. Fund the company by buying 6 million in convertible stock. Then sell you shares you were long to those greedy shorts $50 a share. They make sure they put shares in "Safe Hold" and shorts have a very unhappy Christmas. Sounds easy to me and with fridays volume of over 4 million that 6 million dollars of stock was only about 400 thousand shares.

Happy New Year longs.

floyd

Dont forget to call your broker and tell him or her to put your shares in "Safe Hold", I did.