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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 (925)	4/30/1998 4:29:00 PM
From: LAWRENCE C.	Read Replies (1) \| Respond to of 4761

Look at the intraday chart. Lots of sells and the price drops. Lots of volume after the price started back up. IMHO, That's a shorting pattern. Support buying come in at the 8 1/4 - 8 1/2 level. The shorts covering kicked in later. Lots of momentum players have moved on to other alternatives. Lucky Lawrence

To: tony 890 who wrote (925)	4/30/1998 5:15:00 PM
From: Stephen	Read Replies (1) \| Respond to of 4761

Tony, I don't believe today's price action has that much to do with shorts either. Generally, news momentum has a two day window, and that's over for the latest on IFLY. Today the remainder of the momentum players exited imho, and as the price reached lower levels, the people waiting to invest in the stock stepped in. I didn't spend too much time today monitoring, but generally it was smaller 500 sells against bigger buys at the lower levels (which is generally a good indicator - though for such a cheap stock I'm not sure it has as much relevance). All in all the stock did okay and still shows strength. Good luck all Stephen