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Strategies & Market Trends : Three Amigos Stock Thread

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To: LTK007 who wrote (11842)	12/29/1998 8:56:00 AM
From: Street Walker	Read Replies (1) of 29382

SKYM - is gapping and heading higher -- $70 surge when news hits "each time the float is recycled the support level rises. that is why you see ebay rising from $26 to $300 in stair step fashion. and Ubid go up from $40 to $190 in a stair step fashion. SKYM is still on the first stair. as the float is recycled there will be shareholders who will simply not sell. which means the effective float decreases while demand increases. 2 million FLOAT Just my opinion. With only 2.0M float, High volume = gigantic price surge." Any news with an alliance will cause it to surge the $70 you mentioned. I'm looking forward to a $70 surge in price in 1999.<g> Regards, S.W.

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