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Technology Stocks : SkyMall (SKYM)
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To: HairBall who wrote (329)12/28/1998 10:12:00 AM
From: Street Walker  Read Replies (3) of 987
 
SKYM is going higher in 1999 --- Wild Cards

(thanks LG)

..Wild Cards for 1999

Why invest and hold through 1999 ?

1. I talked to Investors Relations last Tuesday. I was informed there will be news with major Web alliances in the near future.
2. "Content Provider" implementation and expansion
3. Increasing amounts of Web Page visits/day as customers
are driven to SKYM sites and products.
4. COVERAGE by Steve Harmon of Internet Stock Report
5. No debt, millions in cash.
6. The internet is the future. SKYM has "incrementally" established
itself to grow "exponentially".

With the above being the case, one has to seriously decide
if buying and holding shares as an investment
will be rewarding. I believe it will be. Any pre-market news
next year with a major internet portal site will gap the stock
fiercely. And how many major internet sites can they form
alliances with? The major percent gains will be to holders
of shares. And of course, all the shorts who will be forced
to cover when Wild Cards are announced will up the price.

A word to shorters: There is 2 million shares in the float.
Many of these shares are held by LONG TERM investors
who have no plans to sell given the above. So that makes
the float even smaller. Anyone holding this stock short
over any night or weekend prior to a pre-market news release
will suffer enormous losses. The risk/rewards do not favor
ever shorting this stock in the immediate future. I remember
saying the same thing to the crowd of Amazon shorters when
it was $80/share. Short squeeze after short squeeze....

The float is getting smaller as investors will be accumulating
on pull-backs.

Bob Worsley is the largest shareholder. He owns 72% of the
stock. Whose interest does he have in mind for the long term?

Regards,
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