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


To: tony 890 who wrote (683)4/23/1998 8:50:00 AM
From: LAWRENCE C.  Read Replies (1) | Respond to of 4761
 
I'd like IFLY to base at 6 1/2 today for the next run up. If it holds above 6 1/2 it will be unattractive to shorts till the price is run up again. I wouldn't want to risk shorting IFLY at current price. If it runs up again a short could get squeezed bad.
The strength of the warrants is bullish for the common. It shows belief in the longer term for the stock.
Lucky Lawrence



To: tony 890 who wrote (683)4/23/1998 9:13:00 AM
From: LAWRENCE C.  Respond to of 4761
 
No big selloff. Yes looks like weak longs are diminishing. Volume was slightly above average. I agree that it's trying to find a base.
Lawrence