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

To: Fred Puppet who wrote (75)	12/24/1998 1:20:00 PM
From: Bo Didley	Respond to of 987

To: Fred Puppet who wrote (75)	12/24/1998 2:00:00 PM
From: CountofMoneyCristo	Read Replies (1) \| Respond to of 987

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.