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.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (11842)	12/29/1998 8:56:00 AM
From: Street Walker	Read Replies (1) \| Respond to of 29382

SKYM - is gapping and heading higher -- $70 surge when news hits "each time the float is recycled the support level rises. that is why you see ebay rising from $26 to $300 in stair step fashion. and Ubid go up from $40 to $190 in a stair step fashion. SKYM is still on the first stair. as the float is recycled there will be shareholders who will simply not sell. which means the effective float decreases while demand increases. 2 million FLOAT Just my opinion. With only 2.0M float, High volume = gigantic price surge." Any news with an alliance will cause it to surge the $70 you mentioned. I'm looking forward to a $70 surge in price in 1999.<g> Regards, S.W.

To: LTK007 who wrote (11842)	12/29/1998 8:58:00 AM
From: Street Walker	Respond to of 29382

* Wild Cards for 1999 * --- a surge in price for SKYM Wild Cards for 1999 Why invest and hold through 1999 ? 1. I talked to Investors Relations last Tuesday. I was informed there will be news with major Web alliances in the near future. 2. "Content Provider" implementation and expansion 3. Increasing amounts of Web Page visits/day as customers are driven to SKYM sites and products. 4. COVERAGE by Steve Harmon of Internet Stock Report 5. No debt, millions in cash. 6. The internet is the future. SKYM has "incrementally" established itself to grow "exponentially". With the above being the case, one has to seriously decide if buying and holding shares as an investment will be rewarding. I believe it will be. Any pre-market news next year with a major internet portal site will gap the stock fiercely. And how many major internet sites can they form alliances with? The major percent gains will be to holders of shares. And of course, all the shorts who will be forced to cover when Wild Cards are announced will up the price. A word to shorters: There is 2 million shares in the float. Many of these shares are held by LONG TERM investors who have no plans to sell given the above. So that makes the float even smaller. Anyone holding this stock short over any night or weekend prior to a pre-market news release will suffer enormous losses. The risk/rewards do not favor ever shorting this stock in the immediate future. I remember saying the same thing to the crowd of Amazon shorters when it was $80/share. Short squeeze after short squeeze.... The float is getting smaller as investors will be accumulating on pull-backs. Bob Worsley is the largest shareholder. He owns 72% of the stock. Whose interest does he have in mind for the long term? Regards, S.W.