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Technology Stocks : IFLY - travel sales on the web pure play
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To: Stephen who wrote (709)4/23/1998 2:38:00 PM
From: LAWRENCE C.  Read Replies (1) of 4761
 
14:22 6 5/16 6 7/16. 20X5
Not likely with 4 to 1 buying at 6 7/17. The shorters were hoping for 5. Anyone buying in recent days has paid more than 5 1/2. We're basing at 5 1/2. I was hoping we would base at 6.
IMHO the shorters drove the price down. When IFLY started back up, the volume jumped sharply as the shorters scrambled to cover.
Lucky Lawrence
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