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

To: Logistics who wrote (99)	4/10/1998 12:09:00 AM
From: Rajiv	Read Replies (2) \| Respond to of 4761

You guys have your math wrong or are wildly enthusiastic As long as IFLY stays above 6.25, IFLYW will trade at IFLYW = IFLY - 0.625 +0.xx If IFLY goes below 6.25 IFLY = 0.xx (consists of only "premium") 0.xx will depend on factors like demand of warrants. This consists of the "premium" that a buyer is willing to pay - to compensate for greater % gains/returns on his investment (if IFLY moves up). The premium will decrease if IFLY moves up. I am willing to place a bet that the above logic is correct. Regards, Rajiv