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   Technology StocksK-Tel (KTEL) Have the cheesy '70s records come to an end?


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To: Pullin-GS who wrote (2591)11/12/1998 9:37:00 PM
From: Pullin-GS
   of 3203
 
Not only did KTEL have terrible numbers.....
But there net sales where WAY DOWN as well from last year!

Spending more money....and making less......:
A short's dream.

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To: Rajiv who wrote (2630)11/12/1998 9:46:00 PM
From: Rajiv
   of 3203
 
The 1Q results clearly indicates that KTEL's existing core business is falling apart.

I am really curious - KTEL supposedly markets and distributes consumer entertainment and convenience products through retail stores and by direct response marketing. In the SEC filings, I noticed that KTEL has always had a huge accounts receivable (more than 15 million). This must be some unique business model which is beyond my comprehension !

The only problem with my short position is KTEL happens to have a .com webpage.

Regards.
Rajiv

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To: Rajiv who wrote (2634)11/12/1998 9:57:00 PM
From: Tom Hua
   of 3203
 
<<The only problem with my short position is KTEL happens to have a .com webpage.>>

Rajiv, so does every other business in the country. If you have 3 grand, you can have a pretty fancy and professional looking web site.

Regards,

Tom

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To: Tom Hua who wrote (2635)11/12/1998 10:29:00 PM
From: Secret_Agent_Man
   of 3203
 
Amatuerist, yes cost=zero or close to it.>>>>>see below

geocities.com

members.xoom.com

rocketeers.com this one cost 40/mo. for ISP space

oddly enough they are slightly different

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To: Doug Fowler who wrote (2626)11/12/1998 11:03:00 PM
From: Louis Riley
   of 3203
 
Doug, I'll be happy to fax you the confirmation. Just give me the #.

I'm not too greedy, I figured 10 7/8 was a good fill.

BTW, I usually go home flat (no postions) every night. I just figured KTEL was a safe multiday position short after two press releases in a row. Even these hypsters would take a breather after that.

The next news will obviously be some sort of financing. They have hinted at it several times now: in tonight's press release and during the CNBC interview. That will likely be the last chance to short this pig above 30.

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To: Louis Riley who wrote (2612)11/12/1998 11:32:00 PM
From: Mike M
   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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To: Mike M who wrote (2638)11/13/1998 8:02:00 AM
From: Tom Hua
   of 3203
 
biz.yahoo.com

Similar concerns were cited about K-Tel, which sells classic rock compilations, and has more than
doubled since Tuesday, when it announced its online music and home video service would be featured
on the Microsoft Network Shopping Channel. Although K-Tel stock retreated $4.625 to $28 on Nasdaq
on Thursday, it has held onto most of the gains associated with the Microsoft deal.

It is a deal some industry experts say the average investor doesn't understand. They say simply forming
an alliance with an industry leader like Microsoft is by no means a guarantee of success.

''We did that exact same deal with Microsoft, and we didn't even think it was worth announcing in a
press release,'' said the president of another online retailing business, who asked not to be named.
''Microsoft doesn't exactly have the No. 1 trafficked Web site.''

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To: Tom Hua who wrote (2639)11/13/1998 8:40:00 AM
From: MR. PANAMA (I am a PLAYER)
   of 3203
 
RETAIL SALES UP 1%....much stronger than Expected....XMAS...Its beginning to look a lot like XMAS....da dadadadadada da

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To: MR. PANAMA (I am a PLAYER) who wrote (2640)11/13/1998 9:06:00 AM
From: Brentsky
   of 3203
 
Bateman,

u still long in this crappy stock? or maybe you're a KTEL employee who hasn't dumped enough stock yet? sorry party's over! you can only stay inflated on hype so long.

See you at the bottom!

Brentsky

P.S. anybody want to start a pool on the date KTEL has to declare bankruptcy? I get April. After all, how many quarters of losses can a company have before no one will loan them anymore money?

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To: Louis Riley who wrote (2618)11/13/1998 9:56:00 AM
From: Jose Matos
   of 3203
 
Louis, I'm proud of you. You've been behaving yourself lately and haven't tried to rock to boat much. Keep up the responsible posts. You may actually redeem yourself. (no sarcasm intended).

Regards.
Jose.

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