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

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To: Sergio H who wrote (2819)12/19/1998 4:25:00 PM
From: Robert Bless  Read Replies (2) of 4761
 
Has anyone read the recent Business Week article regarding IFLY as a favorite for short sellers? Are these guys nuts? "A travel agency that is going nowhere, shorts believe" Where do they get their information? Here is the part of the article that contains their comments:

"Shorts also are betting against such widely diverse small- cap
companies as Iridium World Communications Inc., a Bermuda-based global mobile wireless company, and 800 Travel Systems Inc., a travel agency that specializes in low-price plane tickets. Shorts view both companies' prospects as wildly overstated by the market.

One would think that they would have to know about the upcoming website. I hope this doesn't do anything negative to the stock price next week.
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