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


To: LAWRENCE C. who wrote (620)4/20/1998 11:45:00 AM
From: Platter  Respond to of 4761
 
Like KTEL from around 7 to 38 today in a matter of a few days...look for momentum player to exit KTEL and jump on IFLY and ride this baby up to the low 30's like PTVL(another internet travel agency)...From Briefing.com "11:29 ET Internet Stocks Rebound: IFLY (8 7/16 +1 1/8) continues to rebound from recent profit-taking... ICMT (23 5/16 +2 15/16) finally being picked up as a much cheaper alternative to Exodus Communications (EXDS)... e-commerce stock CNKT ( 3 1/16 +7/16) continues to motor along... YHOO (YHOO +6 1/2) responds to DLJ initial "buy" and $150 price target.... HCOM (6 5/16 +1 13/16) still on fire. Stock up more than 200% since Friday morning. Good lesson being learned by Barron's readers: Don't attempt to short a stock on Monday based on negative write-up in this publication over the weekend. By the time you get an uptick, the stock has usually bottomed: Amazon (AMZN +3 1/2), Lycos (LCOS +3 5/8), OnSale (ONSL +2), Infoseek (SEEK +4), Excite (XCIT +2 1/2), Yahoo! (YHOO +6 1/2, CDNow (CDNW +5/16), DoubleClick (DCLK +2 3/4), go2net (GNET +1/8), Network Solutions (NSOL +1 1/4), Sportsline (SPLN +1/2), and VeriSign (VRSN -1/4). "



To: LAWRENCE C. who wrote (620)4/20/1998 12:44:00 PM
From: Stephen  Read Replies (1) | Respond to of 4761
 
Well, we seem to have run out of steam. It seems that any movement on news seems to have a two day effect ... so I guess after today we might see a retreat again. Still, we now have a good level of support and shouldn't dip below 5 ... even though 4.5 is a tentative technical level (if thats appropriate!).
Good luck to all
Stephen