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


To: Sir Auric Goldfinger who wrote (700)12/30/1998 3:59:00 PM
From: Smilodon  Read Replies (1) | Respond to of 987
 
SKYM CEO sale listed in Dow Jones News report on Bloomberg.

Said CEO Worsley intended to sell on Dec. 28 through Piper Jaffray.

Great timing don't you think?



To: Sir Auric Goldfinger who wrote (700)12/30/1998 4:04:00 PM
From: UCLAlumnus  Read Replies (3) | Respond to of 987
 
Actually, company not a scam but just a sucky company.

If I was CEO I'd cash out some too. He's been sitting on $4 shares for a long time and if there's a bunch of gamblers (myself included) that want to play "launch that company's $4 shares to 40", let them do it. The company wasn't going under but I'm sure its employees are greatful for the internut locusts to stop by for the past few days.

Tom, are you holding on till after the first? Watch out for the "branding deal" news. Real or not, it will give SKYM some upward momentum. Especially if it is with a real portal. I don't think it does anything to the bottom line but the feeding frenzy will resume. But I'm not sure how long you plan to short.



To: Sir Auric Goldfinger who wrote (700)12/30/1998 4:41:00 PM
From: kennny  Respond to of 987
 
Insider selling is normal.
Just about every stock that shows a large rise is the stock price will have insider selling. Hell, If I were the CEO I would sell off a chunk of my holdings. By NO means is this a sign that the company or the CEO are full of B.S.
Look at the history of insider selling of any company. It means nothing.
I'm going to hold for awhile.
Good luck to all,
Ken