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Technology Stocks : SkyMall (SKYM)
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To: Anthony@Pacific who wrote (270)12/28/1998 8:48:00 AM
From: Street Walker  Read Replies (1) of 987
 
#4....Daytraders and Investors

This is what will happen today.- buy/sell/short/cover = higher at
end of day.

1. Pre-market Gap

2. Investors like myself are holding for next year.
I have so many shares that if I tried to sell them
high and buy more shares back on any retracement, I couldn't.
Reason is because my brokerage account will not let me use
the profits of a trade in a day to make another trade in the same day with those profits. Everyone else holding may realize this, also. This prohibits me from "trading my shares" and just hold tight because
I truly believe SKYM will go irrationally high in 1999.

2. Daytraders who bought on Thursday and are holding shares
may decide the following:
a. Sell at the open.
b. wait to sell after CEO appearance
c. decide to keep shares and sell at the end of day
when their is a Massive Short Covering among "short" daytraders.
d. Some daytraders who bought on Thursday, after reviewing fundamentals
will decide to hold as a short term investment through the week.
This is "E-Commerce Week" . You'll want to own this one, imo.

3. Some daytraders will Intra-day short the stock.
When the stock pulls back, other daytraders and investors
will start buying. This will cause the intra-day shorters to buy.
The key thing to realize is that Investors are holding many shares
and other investors want to buy for 1999. That means daily fluctuations with upward momentum for the day and week.

#4. Investors for 1999 will be buying on any retracements.
The float will get smaller, and the price will gap extemely
high several times in 1999 when WILD CARDS become reality.

Regards,
S.W.
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