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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end?
KTEL 1.245-1.2%Jan 27 4:00 PM EST

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To: Louis Riley who wrote (2612)11/12/1998 11:32:00 PM
From: Mike M  Read Replies (2) of 3203
 
Well said....

I ignored the messages you sent to a couple others today and went ahead and shorted it at 29 5/8....As you suggest it may backfire tomorrow, but am still holding....Unlike the "internuts" this one was hovering below its opening and looked like a good candidate for a weak close....

Agree with your choice of words "sentiment barometer"....Doesn't make much sense to me that, otherwise intelligent people are willing to place this kind of premium on the wing and prayer on which these companies operate.....perhaps Mr Greenspan should take away the punch bowl before it gets even worse.

I have "foolishly" refused to contribute in the multi-billion dollar capital appreciation of all of these "someday it might happen" companies. It is my hope that all shares of the "internuts" have a corresponding short seller so that the wealth does not dissipate into thin air when the bubble is inevitably burst, it merely changes hands....My fear, of course, is that $ changes from the many to the few with many shares....

Keep plugging...there are always going to be folks who disagree with what you say...or who remember when you guessed wrong....the nature of the beast.

:o)

Mike
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