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Technology Stocks : IMON - Quoted from Barron's Corporate Reports
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To: Anthony@Pacific who wrote (434)1/18/1999 6:59:00 AM
From: CountofMoneyCristo  Read Replies (1) of 2220
 
Oh my, upping the ante with our BS cocktail, are we? I made $1/2 million on SKYM. Again, everyone please head over to the SKYM thread. Here's a little taste:

Message 6965523

To: Fred Puppet (75 )
From: CountofMoneyCristo Thursday, Dec 24 1998 1:59PM ET
Reply # of 930

The SKYM gap up will be huge Monday. I expect an open above today's high of 20, a pullback to around 17, and then a run to 25-30. SKYM was the Nasdaq's #2 Volume Leader (behind only Delia) and the #1 Percentage Gainer today - that will attract a lot of investor attention. The float is only 2 million shares, so any buying pressure on this stock and we could see an MZON. Incidentally, there seem to be plenty of shorts over on the Yahoo board. They are holding over the holiday week-end and MMs know that. MMs were not selling into the close. The sellers were traders taking profits and short-sellers. MMs were hitting the inside bid at the valley of each pullback. It seemed obvious to me they were accumulating. It also seemed obvious that MMs were allowing SKYM to fall in order to trap shorts. Make no mistake: those who bought in at 16 or higher and did not take profits were taken out into the close. I predict 20-25 Monday morning. CNBC is reporting very positive e-commerce numbers this afternoon. Remember what happened before the last holiday, Thanksgiving: Internet stocks that ran big on Wednesday had enormous gaps up the day after the holiday. SKYM is likely to do the same.

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