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: Street Walker who wrote (587)	12/29/1998 12:01:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 987

I and many others are buying SW, I don't see "many others" buying and holding. The wise ones know the game being played and take profits while they're still available. It's not like SKYM is a pure internet issue. It has only $2 MM in internet sales in 1998, and the CEO projects they'll do about $5 MM next year. Hardly exciting. When this internet frenzy loses its glitter, SKYM will fall back to single digits. Wait a few days and you'll likely see that the CEO has dumped many shares himself. Regards, Tom

To: Street Walker who wrote (587)	12/29/1998 12:08:00 PM
From: Tai Jin	Read Replies (3) \| Respond to of 987

Something to consider for those of you actually thinking of investing in SKYM... This is a daytrading stock right now. Don't believe that it is a good investment. Investing at these prices will only cause you to lose your investment. SKYM is not like AMZN or other pure Internet stocks because it has a track record, and we've seen the track record - stock trading in the single digits. You can buy up all the float if you want, but there won't be any more buyers at current prices. Just look at KTEL's chart. They had an even smaller float, but the stock failed to stay at inflated levels. SKYM should not be trading at a PE of 130. As someone else already mentioned, the CEO said that Internet sales will only contribute about 5-7% to total revenues in 1999. That won't translate to 130% growth. That's why this is not like AMZN which generates all revenues from the Internet - and until they make a profit, it's okay for their stock to trade at hyper inflated levels (just watch out for the big crash when they fail to produce unrealistic profit growth). ...tai