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Technology Stocks : IFLY - travel sales on the web pure play

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To: Boplicity who wrote (757)4/23/1998 5:46:00 PM
From: Stephen  Read Replies (2) of 4761
 
I'm stunned ... all my stocks did pretty well today despite the market ... and I was pleasantly surprised to see the close on IFLY !!!. I haven't watched this one as closely as I might so I appreciate your comments LL !!. One concern I have ... and I would appreciate your input Lawrence, is that as a general rule I view gains in the a.m. as good and weakness in the p.m. as suspect due to volume differences. It seems with IFLY that the reverse is happening ... gaining on smaller volume, losing on bigger volume. Just a small concern which you maybe able to clarify for me. Overall though the support is still there and it looks like 6 maybe the new base to bounce off (hopefully ... as I was concerned it might have been 5 !!). Impressive !!!
As for the overall sector, despite the SEEK result, part of the momentum was fueled by the knowledge that the internet search engines would exceed their earnings ... it was a relatively safe haven GGG. With these results out of the way I think the trend is still down from here for most of them. If I was braver I'd short on the morning pop !!.
Good luck to all !!
Stephen
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