Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Arrow Hd. who wrote (85)	12/24/1998 2:27:00 PM
From: redbird	Respond to of 987

I bought SKYM at 5 1/2 and below. Sold this morning at 12 1/8. Just info before my opinion. A few weeks ago, I bought CNKT and held until it jumped the day before Thanksgiving. The day after, CNKT opened wildly up, took in all the suckers, and then dumped. I believe SKYM COULD do this on Monday. I bought SKYM as a safe Internet play. The company was already worth more than the price due to earnings. The Internet could, and did, launch it. It is still a profitable company, but now has a near 50 P/E instead of 15. It is now a gamble, so I am out. My hope is that it opens Monday at $25, sinks back to 10, then 5 the next day, and then I can safely buy it again. It could really make it, but my bet for next week is pump and dump. Remember, I am out of the stock and looking to buy cheep, so that could temper my outlook. The good news if you own the stock is that I believe you will have a chance to sell it even higher on Monday. Redbird

To: Arrow Hd. who wrote (85)	12/24/1998 2:49:00 PM
From: Bo Didley	Read Replies (1) \| Respond to of 987

*** Count of Money Cristo*** excellent post from someone else who knows what they are talking about: messages.yahoo.com@m2.yahoo.com SKYM has a tightly held float of 2 million shares and investors are buying to hold for significant gains in 1999. Some are mentioning "pump and dump"..... There was no Pump ! There was no speculation. Investors are simply accumulating because its undervalued. Our out looks are for 1999 Shorters are worried and will try to scare people. bo