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Technology Stocks : SkyMall (SKYM)
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To: Fred Puppet who wrote (88)12/24/1998 4:00:00 PM
From: CountofMoneyCristo  Read Replies (2) of 987
 
So now we know who's short. Look, BAMM gapped from 12 1/4 to over 19 after falling back 30% from its intraday highs the day before. You can't believe no one would buy at 25 Monday morning who didn't buy today at 12? Tell that to buyers of AMZN at 330 who had the chance 2 months ago to buy at 81. Come off it, that is not a good argument. All of these Internet valuations are speculative. Interestingly, SKYM is one of the few Internet companies that actually makes a profit. The reason it will gap up is because there are a swarm of shorts who attacked it, while MMs were quietly accumulating into the close. Many amateurs decided to short over the week-end, and MMs know it. They will make them cover at much higher prices. SKYM is a mania stock, with earnings to boot. It will go much higher.
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