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


To: Street Walker who wrote (603)12/29/1998 1:45:00 PM
From: Sir Auric Goldfinger  Respond to of 987
 
"investors are buying all the retracements." I don't think so, it looks uhhhhgly. Recheck your charts woudja?



To: Street Walker who wrote (603)12/29/1998 1:50:00 PM
From: Tom Hua  Read Replies (1) | Respond to of 987
 
Instead, investors are buying all the retracements.

SW, the only people buying are daytraders and short term momo players. I have yet to hear a convincing case from anyone that SKYM is a investment stock, surely not at current level. Does $2 MM in internet sales deserve an additional $300 MM in market cap? Oh sure, their internet sales will go up next year, to only $5 MM at best (per CEO interview on CNBC yesterday).

Regards,

Tom



To: Street Walker who wrote (603)12/29/1998 1:59:00 PM
From: Tai Jin  Respond to of 987
 
Sure I'm short - I'm no hypocrite. The valuation is ridiculous for this company. A lot of the trading right now are shorts selling and covering - can't be considered accumulation. Small float not withstanding, once the volume starts to dry up it's heading down for the reasons that were given.

...tai