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


To: Fred Puppet who wrote (88)12/24/1998 4:00:00 PM
From: CountofMoneyCristo  Read Replies (2) | Respond to of 987
 
So now we know who's short. Look, BAMM gapped from 12 1/4 to over 19 after falling back 30% from its intraday highs the day before. You can't believe no one would buy at 25 Monday morning who didn't buy today at 12? Tell that to buyers of AMZN at 330 who had the chance 2 months ago to buy at 81. Come off it, that is not a good argument. All of these Internet valuations are speculative. Interestingly, SKYM is one of the few Internet companies that actually makes a profit. The reason it will gap up is because there are a swarm of shorts who attacked it, while MMs were quietly accumulating into the close. Many amateurs decided to short over the week-end, and MMs know it. They will make them cover at much higher prices. SKYM is a mania stock, with earnings to boot. It will go much higher.



To: Fred Puppet who wrote (88)12/24/1998 4:25:00 PM
From: CountofMoneyCristo  Read Replies (1) | Respond to of 987
 
No SKYM news?!! What have you been smoking. News is out: "SkyMall.com to be added to "Shop the Web," an online service provided by Amazon.com. I would call news of a deal with Amazon.com, arguably the most famous of all Internet companies, something to account for the surge in price. Add that to the fact (confirmed) of a SKYM CEO appearance - after the bell, the best slot - on CNBC Monday morning. MMs were aware of this, while the rest of the market was not. This is precisely the kind of news shorts should have been afraid of. They are in deep trouble Monday. We will gap to above today's high of 20 easily.