SkyMall (SKYM) Message Board

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Technology Stocks : SkyMall (SKYM)

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To: UCLAlumnus who wrote (703)	12/30/1998 4:28:00 PM
From: KS	of 987

To All...SKYM being investigated? Any comments on this article? It's awful! The part about SKYM: "The feds might also take a look at the trading in a company called SkyMall Inc., another $2-plus stock for most of the year. SkyMall sells consumer goods via catalogues such as the ones you find in the seat-backs of airplanes. On Dec. 9th the company announced that it would begin selling its wares over the Web as well, and this $3.80 stock became a $5.87 stock. Then, for no apparent reason, on Monday SkyMall became a $35.50 stock on volume of nearly 26 million shares; a week earlier daily volume had fallen as low as barely 50,000 shares. Why? Most press accounts have pointed to investor excitement over reports that retail business was brisk on the web this Christmas. Be that as it may, it would be interesting to know whether any of the Web chat room operators who were touting SKYM on Monday were front-running their recommendations. msnbc.com

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