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Technology Stocks : SkyMall (SKYM) -- Ignore unavailable to you. Want to Upgrade?

To: GT who wrote (34)	12/10/1998 5:52:00 PM
From: Arrow Hd.	Read Replies (2) \| Respond to of 987

I am traveling and dont have access to any of my hardcopy but I do not know of any insider selling. In fact, if I recall correctly, from early September through the end of September someone bought 37,000 shares at 2.75. Also, once this year there was a million share day but it was an insider moving positions around to family members. On occassion, insiders will file to unregister stock. It may look like an impending sale but the sale never happens. So I dont know of any insider selling. I believe it is what I said in an earlier post. Two or three times in the past year there have been Internet related releases that drove the hype necessary to get the attention of the day traders. The other day when it was over 2 million shares based upon number of trades the average trade was less than seven hundred and even assuming that NASDAQ counts both sides so its two trades that still is only 1400 shares per transaction. These are not the numbers that I would expect to see from some sophisticated shorting strategy or someone working some kind of arbitrage. What happens is there is no stock to be had. Look at one of my earlier posts where I said I was buying anything offered back in October but could not get size. So when day traders jump in they run the stock and buy and sell to each other. Like musical chairs but when the music stops, volume drops, buyers back off, and you end up where we finished today with a pull back. This has been the pattern. If there is some good news it may be that this gave those who had 1998 losses an opportunity to get out but that probably leaves a bunch of day traders now sitting with stock and trying to figure out how to get out. So it washes probably. Anyway, I was and still am long. We do get tempted to sell into these feeding frenzies and then buy back a few days later after things have settled down but is an effort to buy this stock. I had all of my trades executed through Herzog via an institution with clout and still watched them screw around. So I certainly want to let this play out through the first quarter. There are some very major fundemental upsides to Skymall such as Europe where airlines were under duty free regulations which eliminated Skymall from competing. That has been eliminated by the EC and with Skymall's penetration in the North American market it makes sense to believe that they would be the leading bidder for the European carrier business. They have also put tremendous emphasis on the Internet. They have hired 16 technical people dedicated to Internet development. Everything they do will be Internet based. They hired 4 marketing people to close alliances and deals like the one which got you all fired up. They intend to be a content provider to high traffic sites where other companies implementing E@Commerce will use Skymall's infrastructure which not only generates revenue/profit but also drives new customers through Skymall's site. Skymall is featured in the major Internet catalogue site which is similar to the auctions site that exploded recently which I believe was Ebay. They promised more announcements in the future that will feature alliances, deals and partnering. All this and they actually make money. Again, check my review of the CC for some of the fundementals. So I will hang in here to see how things play out. I never fall in love with any of my positions so if it runs too far or starts to bog down then I probably am history but this still looks good for now.