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Strategies & Market Trends : 50% Gains Investing

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To: IFLYer who wrote ()4/25/2000 2:37:00 AM
From: Dale Baker of 118717
 
Stocks like IFLY won't be popping in this market. Look at IFLY's chart - dead money for months now.

It's an old story that is well-known; that's why IFLY plummeted. Strictly for bottom fishers at this point.

Look at their online "success" after a full year - revenue growth of 6%, profits decimated, still a cutthroat competitive business. Doesn't add up from a value or momentum perspective.

The Company's Web site was launched in late December 1998 and had over one million hits during its first full month of operation.

Financial Summary
800 Travel is a telemarketing travel company which provides air transportation reservation services for domestic and international travelers through its toll-free numbers. For the fiscal year ended 12/99, total revenues rose 6% to $12.2 million. Net income fell 80% to $59 thousand. Results reflect increased delivery and service fees charged to customers and commissions related to the new contract with a reservation system provider, offset by higher employee costs.


BTW, one-stock tout names like yours have zero credibility on SI. This isn't Yahoo or RB.
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