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

To: Clifford Topel who wrote (863)	1/7/1999 9:35:00 AM
From: Fred Puppet	Read Replies (1) \| Respond to of 987

SKYM can only go up if new buyers come. The problem is that people who don't already have a position in SKYM can view it objectively and see that it was a major pump and dump for the benefit of the CEO. People who don't hold the stock are feeling glad that they didn't get suckered into it, and aren't about to buy now. Also, the last time SKYM issued a press release the CEO started dumping shares, so this might even go down today. A short squeeze is impossible at this level. Whoever was going to get squeezed got squeezed at $48, and won't care if we run to $18. Also, most shorts have already covered, and many brokers will not allow new shorts. So, the number of shares short at $18 is dramatically less than the number of shorts at $48. When the shorts are completely done buying, who will be left to buy your shares?