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Technology Stocks : IFLY - travel sales on the web pure play
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To: Sir Auric Goldfinger who wrote (3684)1/7/1999 8:54:00 AM
From: simarx  Read Replies (3) of 4761
 
Auric, do you really know so little about securities law? This filing is their yearly registration statement, nothing more. In fact, if you did your due diligence, you would see that stock came for sale on January 1, 1999 and that is what caused some of the downward pressure. Now that is gone. According to the statement, another 350,000 shares get loosened up on Jan 21, 1999. (A drop in the bucket which should be a short-term event, I should say a non-event.)

For the investors doing their due diligence and truly studying the filings as I recommend with any long-term investment, they would see these singular short-term events as an opportunity. IFLY, after everything is said and done still has a relatively small float and an aggressive growth strategy. Very Bullish.
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