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: art slott who wrote (671)	12/30/1998 10:55:00 AM
From: Tom Hua	Respond to of 987

Art, thanks for the article. The paragraph on SKYM : The feds might also take a look at the trading in a company called SkyMall Inc., another $2-plus stock for most of the year. SkyMall sells consumer goods via catalogues such as the ones you find in the seat-backs of airplanes. On Dec. 9th the company announced that it would begin selling its wares over the Web as well, and this $3.80 stock became a $5.87 stock. Then, for no apparent reason, on Monday SkyMall became a $35.50 stock on volume of nearly 26 million shares; a week earlier daily volume had fallen as low as barely 50,000 shares. Why? Most press accounts have pointed to investor excitement over reports that retail business was brisk on the web this Christmas. Be that as it may, it would be interesting to know whether any of the Web chat room operators who were touting SKYM on Monday were front-running their recommendations. Regards, Tom