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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 (159)4/10/1998 3:20:00 PM
From: LAWRENCE C.  Read Replies (1) | Respond to of 4761
 
Byron, I saw what you meant from the start. That's why I bought the warrants early.
The price of the warrants reflects the expected value of IFLY common.
A person that expects IFLY to go to $17 is willing to pay more for IFLYW than someone that expects it to trade at $8 or $10.
It is also a function of what other plays that person has available.
IFLYW looks strong to me. I believe it will go well past $10. Maybe not this week or this month. But a 200% or better profit in less than a year wouldn't be hard to take. I just don't know how quickly IFLY will go past $10 (or whether it will). I believe it will.
Lucky Lawrence
PS - Each person will want to get IFLYW for as little as they can. If most holders of IFLYW believe it will go up they will hold their warrants as the stock goes up.