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Technology Stocks : SkyMall (SKYM)
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To: Street Walker who wrote (603)12/29/1998 1:50:00 PM
From: Tom Hua  Read Replies (1) of 987
 
Instead, investors are buying all the retracements.

SW, the only people buying are daytraders and short term momo players. I have yet to hear a convincing case from anyone that SKYM is a investment stock, surely not at current level. Does $2 MM in internet sales deserve an additional $300 MM in market cap? Oh sure, their internet sales will go up next year, to only $5 MM at best (per CEO interview on CNBC yesterday).

Regards,

Tom
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