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: Patric who wrote (578)	12/29/1998 11:36:00 AM
From: Street Walker	Read Replies (3) \| Respond to of 987

2 million FLOAT == has beeen recycled === support level has risin "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. Just my opinion. With only 2.0M float, High volume = gigantic price surge." When alliance news is released, we may see a $70 point gain. Holding a short overnight is too risky under these circustances. Risk/Reward favors the Longs. Buy on retracements and hold. Regards, S.W.