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

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To: John Martin who wrote (2672)12/1/1998 9:49:00 AM
From: M.R. Davis  Read Replies (1) of 4761
 
Down on open. Quite expected.
Many day traders and internet mania momentum players will move out during this week... but many small longs will move in on the price dips. By longs I mean folks prepared for a 1 month hold or longer (i.e. they are waiting for the website release rather than buying on momentum).

Each long that moves in shrinks the trading float.
The situation is going to get tighter and tighter.

Hold steady.
This may not be the week for moonshots (without a press release) - but by January 1st we'll all have had a nice present from Santa!
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