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Strategies & Market Trends : Three Amigos Stock Thread

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To: David D. who wrote (12257)	1/4/1999 9:15:00 PM
From: Sergio H	of 29382

<IFLY> Amigos....I don't usually post entry and exit pointers. This is not a hand holder type of thread. Most of the regulars here make it a point to make their own decisions. I am making an exception regarding IFLY as it is a stock that has brought out expressions of emotion that have not been a part of this thread's history. The following is just my opinion and not necessarily the opinion of the other Amigos. Shorters entered the stock on FRI. sensing incorrectly that the Co. might be delayed in coming out with the new website as planned. The shorters were caught in their position when the news came out after the bell. This morning the stock gapped up as expected in reaction to the news release and then sold off as is common after expected news has been digested. This type of reaction happens everyday on all types of stocks. The IFLY shorters have been creating panic selling in the midst of normal profit taking. It's a low floater and their ass is on the line. If the stock drops below 10, then the shorters will win. More panic selling is bound to follow. If it stays above 10, the shorters will have to cover and the stock will run up. Don't be part of the herd Amigos....think it out. Amigo Sergio

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