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


To: CHIP HUNTER who wrote (917)1/10/1999 2:11:00 PM
From: RON BL  Read Replies (2) | Respond to of 987
 
This stock is clearly a good trading stock. There are some compelling arguments on the plus side. #1 it actually is making money. The reference to it as being a garbage stock makes no sense as this company is making a profit and the analysts state 2 strong buys and 1 moderate buy. #2 It is well known and the airplane deal gives them a good exposure to people with money who will use the net to purchase. A shrewd CEO can use the Internet to increase business. If they are making a profit already then the net should be a plus with the advertising already being accounted for. #3 They can use this position to make deals with other companies. I get the sense that this might happen. Like you I am almost out of the stock holding just a small amount.
The negatives for the stock are the CEO business and like any other net stock the volatility. Clearly though this stock can make money for both shorts and longs. I do not believe that it will see single digits or even low teens unless the nets collapse as a whole or it is made clear that there was fraud with the stock.
The above makes for a clearly volatile picture.