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


To: Secret_Agent_Man who wrote (137)4/10/1998 1:15:00 PM
From: Andrew H  Respond to of 4761
 
LOL, sorry Byron, I can see the topic has been kicked around enuf. I think we all hope the price will go higher on Monday. We shall see!



To: Secret_Agent_Man who wrote (137)4/10/1998 1:15:00 PM
From: Rajiv  Read Replies (3) | Respond to of 4761
 
Byron,

The price of the warrants on Monday will be totally dependent
on IFLY. IFLY will set the pace and IFLYW will follow.

If IFLY > 6.25
IFLYW = IFLY - 6.25 + 0.xx
The 0.xx (premium) is currently 0.31

If IFLY moves up by a point, I would expect IFLYW to move up by almost a point (my guess is somewhere between 0.95 and 1 point). You will still have 100% gains on your warrants. The premium will keep decreasing if IFLY keeps moving up even higher.

Regards,
Rajiv