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Technology Stocks : IFLY - travel sales on the web pure play
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To: Paul Yang who wrote (946)5/2/1998 12:56:00 PM
From: Prophet  Read Replies (1) of 4761
 
<< You see, for a momentum stock like IFL >>

Paul, don't way too long! IFLY may not hit 7 again. I have been waiting for over a week now for IFLYW to go below 2 again so I can double my position.

If investors take the next wave of announcements very positively, then it is very likely that the demand for the stock would shoot up the sky. The new wave of shorts would come into play later after the increase in place. As it is normally the case with new stocks, the price is likely to trend down a bit. However, IFLY is an internet stock, and internet stocks do not tend to take too many consecutive hits downward. Therefore, chances that the stock would go back to current or previous price levels is very unlikely to occur after the next price lift. Don't wait!!! Get in while you can so you don't have to regret it later on. I am doubling my position first thing Monday morning after the shorts are done with the day's selling.
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