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

To: h.l. meeks who wrote (120)	12/25/1998 6:03:00 PM
From: Mr. Generic	Read Replies (1) \| Respond to of 987

My original question #119 was about MZON and your response was regarding SKYM. Could you please clarify which stock your reply was about. Thanks ....... George

To: h.l. meeks who wrote (120)	12/25/1998 6:08:00 PM
From: CountofMoneyCristo	Read Replies (1) \| Respond to of 987

Can you read Level II activity? MMs did not sell a single share under 15 into the close. According to your reasoning BAMM was over when it closed at 12 15/16 the day before Thanksgiving, well off its high of 16 1/4. Of course we all know what happened thereafter. Technical analysis has its place, but there are many other factors to consider. It is ill-advised to concentrate on any single factor exclusively. As for your statement that "There are too many longs trapped between 13-20" - it is false. They sold on the way down. Those who waited until the last half hour were shaken out. The majority still in SKYM are either investors or traders positioning for a near-term surge. I wish you luck shorting at the open. You will need it.