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

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To: italiana who wrote (3666)1/6/1999 3:24:00 PM
From: simarx  Read Replies (3) of 4761
 
IFLY is doing very well as it stood up against a large restricted position coming for sale, and 99 profit taking for those who were waiting for the 98 tax period to end, and shorters taking advantage of this event.

Nothing more. The company has an Internet offering now and is aggressively pursuing the Internet market. The next we are hoping for is the increased exposure the use of the site is going to give them. In addition , they are moving into even higher margin products.

Very bullish on the stock.

PS My broker said that he was receiving calls from an MM who needed to borrow shares. This could mean that there is a large naked short position. So let us see what happens in the next couple of days.
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