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Technology Stocks : SkyMall (SKYM)
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To: David Smith who wrote (946)4/8/1999 4:49:00 PM
From: Arrow Hd.  Read Replies (1) of 987
 
I was asked recently by an analyst I know whether I was back into it
and if not, what was my entry point. This person has owned the stock
a few times over the past couple of years as I have too. As the
previous post stated I would reenter at 7 to 8 with no hesitation or
the 11 and change area under certain conditions. I would not chase it
though I believe they have been working hard on new alliances. We
have not talked with the company since the December feeding frenzy
where we got out in the low 40s so I am not current with regards to
any new developments there. I think it will continue to be a good
trading stock. I started my position in Skymall last October buying
whatever was available between 2 1/2 and 4 over a period of six weeks.
That opportunity will not exist again since it has been discovered
and has visibility so when it trades down it draws in day traders and
other longer term position traders. The one position I have been
accumulating that has no visibility and no float but will take time
to evolve is PCCG. Visit the thread and you can read our posts.
Wisdom Miles was an original DD poster on SKYM along with some others.
We are working with PCCG the same way we
worked with Skymall. But it is stale money for now since it has no
visibility and if you do buy it use limit orders or the MM will screw
you. My big position is IDTC at 12 and change. They own the space
for Internet Telephony with Net2Phone. Internet Telephony is one of
the next big paradigm shifts and will be as big a story as any for the
next year. Anyway, some opinions and ideas to chew on.
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