IFLY - travel sales on the web pure play Message Board

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

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To: Loukas who wrote (3130)	1/1/1999 11:08:00 AM
From: Stephen	Read Replies (1) of 4761

A Cautionary Word. Most 3rd tier stocks announcing web news run-up that day/next substantially, only to retreat shortly thereafter. IFLY has already had its run, pre-announcement. Often that means its time to sell on the news. I've already liquidated my long position for that reason. Anyone buying first thing in the a.m. is likely to be hurting by the afternoon imho, and whatever happens at the open, it won't be long before the shorts get back to work on it. Conversely, if the stock gets some coverage on CNBC, there could be a second run. However, the internut momentum is starting to fade (notwithstanding the paint taping that went on with AOL late yesterday !) and Internet aside, it may be worthwhile taking another look at the company to try and decide yourself what the true stock price value should be.... Again, this is just my opinion/experience, and who knows, maybe the stock will run to 20 or 50. Good luck everyone & Happy New Year Stephen

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