IFLYW the IFLY-warrants, a REAL VALUE PLAY Message Board

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Technology Stocks : IFLYW the IFLY-warrants, a REAL VALUE PLAY

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To: blankmind who wrote (94)	4/24/1998 8:47:00 AM
From: LAWRENCE C.	Read Replies (1) of 171

If you hold the warrants there is a greater paper loss. But there is another strategy when we are in a range. You can try selling high and buying back lower. I had sold 800 IFLYW and bought 900 IFLYW at 1 5/8 with the proceeds and had cash left over. When IFLYW climbs to 2 or above, I consider selling. Then when IFLYW bottoms I accumulate. The risks are that IFLYW climbs more after we sell or that we can't buy back in. I've been able to get at least 2 or better on my sells. I'm even sold some over 3. Lucky Lawrence

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