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


To: UCLAlumnus who wrote (703)12/30/1998 4:28:00 PM
From: KS  Respond to of 987
 
To All...SKYM being investigated?

Any comments on this article? It's awful! The part about 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.

msnbc.com



To: UCLAlumnus who wrote (703)12/30/1998 5:23:00 PM
From: Tom Hua  Respond to of 987
 
UCLAlumus, I'm still holding tight my short shares. Will cover in decrement from teens down to single digits. Besides, I don't need a bigger tax bill.

Regards,

Tom



To: UCLAlumnus who wrote (703)12/30/1998 9:50:00 PM
From: DonJuan de Rothschild  Read Replies (2) | Respond to of 987
 
Rothschild is here to calm your fears.....
SKYM, whether we like it or not, will undergo similar price runups to the likes of EBAY and Amazon. Not because of its fundamentals, but due to the sheer scarcity of its shares and the resulting short squeezes on market-makers. At this stage of the game, mm's are extremely short this stock and will use ANY MEANS NECESSARY to get the shares back. If you cannot stomach the violent price swings that we will witness in this stock, then I suggest you drop your shares and leave immediately.
The techniques being used by mm's date back to the old tricks used by N.M. Rothschild. For example, when Nathan's couriers brought him news likely to produce an eventual rise in Stock X, he would accumulate a moderate quantity of Stock X. Then Nathan would suddenly sell his holdings in Stock X. The mass of speculators (which we all are), always on the lookout for a bellwether, would begin to watch Stock X worriedly. Whereupon, at a predetermined signal, all Rothschild agents would rid themselves of every X share they had. The speculators (remember, that's us) would panic and dump their shares of X. Meanwhile, another set of Rothschild agents bought up all the X shares available at a very depressed price-just prior to the general release of the news that raised the stock higher and higher and higher.