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: Tai Jin who wrote (839)	1/6/1999 8:10:00 AM
From: Fred Puppet	Respond to of 987

"Denial" is the right word for longs who still have hope of getting their money back. It's funny that they believe this stock is a winner, but they can't come up with any fundamental argument as to why it's worth this much. As long as they are still in denial, we have not reached a bottom yet. In the long term, all stocks get valued based on the fundamentals. In the short-term, psychological factors such as hype, momentum, and denial can move us away from the true value. So, in the short-term we may move either up or down. I have no idea which way today will move. However, wait a few weeks and we'll be well into the single digits.