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

To: Jack of All Trades who wrote (871)	4/28/1998 11:16:00 AM
From: Andrew H	Read Replies (1) \| Respond to of 4761

>>I see ifly @$20 when they have a real website, making the warrants worth $14<< Reasoning here is faulty since they warrants will most likely be called after trading above 10 for 7 of 10 consecutive days. Thus the value of the warrants will be limited by how high the common tades within 30 or so days of the warrants being called. While 20 is not impossible, IMO, a high of 12-15 for the common is more likely. With Internet stocks, though, anything is possible.