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Technology Stocks : IFLY - travel sales on the web pure play -- Ignore unavailable to you. Want to Upgrade?


To: Rock who wrote (31)4/9/1998 10:46:00 AM
From: Troll  Read Replies (2) | Respond to of 4761
 
Just sold out for 20% one-day gain. The day traders will sell off before the close. Didn't want to get caught. This will be a good long term hold, but beware of the daytraders. Wouldn't be surprised if we closed close to 6.



To: Rock who wrote (31)4/9/1998 11:33:00 AM
From: Curtis Frazier  Respond to of 4761
 
This stock is volatile as all get out. I've been watching this one and here are a few of my quotes.

6 3/8 1029 6 1/4 6 3/8 8533
6 1/4 " " " 8689
6 5/16 " " 6 5/16 8711
- I went to go answer a tech call - 12 minutes later
7 1/8 1041 6 31/32 7 3/32 10540
7 1/4 1042 7 1/16 7 1/8 10750
7 5/32 " 7 5/32 7 9/32 10828
7 9/32 " 7 7/32 " 10931
7 17/64 1043 " 7 1/4 10998
7 1/4 " " " 11151

- Another pause away from the computer - 4 minutes later

6 25/32 1047 6 25/32 6 7/8 11826

-I headed to SI and right before I pressed submit here we go again.

7 5/32 1051 7 1/8 7 5/32 12444

This thing is all over the map.

What is the float on this sucker.



To: Rock who wrote (31)4/9/1998 12:18:00 PM
From: Joe Bz  Read Replies (1) | Respond to of 4761
 
What is URL for Tokyo Joe's Cafe.

Thanks in advance



To: Rock who wrote (31)4/10/1998 12:22:00 PM
From: Andrew H  Respond to of 4761
 
>>Just posted on Tokyo Joes Cafe
EXPIRATION: JAN. 13, 2003 (i.e. no factor to worry about)
STRIKE PRICE: $6.25
CALLABLE: at $10 per share
*******MAXIMUM GAIN******************$3.75 per warrant
*******CURRENT PRICE*************about .78 per warrant (as of now)
That's an 4 bagger. And you have nearly 5 years for the stock to appreciate to that level
(i.e. $10)

Yes, you have almost 5 YEARS for this stock to reach $10 and get your $3.75 per
warrant (i.e. nearly an 450% GAIN from current levels) or you can sell the warrants
anytime along the way just like a stock.

If the stock itself appreciates to a level of $10 or more for 7-10 days (i.e closing price
at $10 or above), the Company has the right to call them and pay you $3.75 per
warrant purchased.
<<

There are some mistakes in the above analysis that investors should be aware of--if these have been corrected in a prior post, please ignore.

Fist of all, the potential upside is not necessarily limited to $3.75, although that would be their approximate value with the stock at 10. Chances are good that if and when the stock closes above 10 for 7-10 consecutive days, that price of the stock may reach 11, 12, or more during that period. In that case the warrants would trade for approximately 4.75, 5.75, etc., depending on the price of the common. The warrants may not be called right away, and even if they are, they will probably trade in the open market for a few weeks after they are called (since the company will most likely allow 30 days for warrant conversion}, so their value could appreciate even more. There is no specific upside limit and the actual warrant price will depend on the price of the stock. If the common reaches 15 before conversion is required, the warrants could conceivably sell for 8.25 (unlikely, but possible).

Finally, the company will NOT be paying anyone 3.75 for the warrants. Warrant holders will be paying the company 6.25, which along with one warrant will buy them one share of IFLY.