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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 (927)	5/1/1998 11:44:00 AM
From: LAWRENCE C.	Read Replies (1) \| Respond to of 4761

Tony, thanks for the feedback. When we lost upward momentum we probably did lose some short-term longs. We could have some longs playing the band selling when IFLY falters and buying back in but then why the jump in volume after it starts rising instead of buying when the low stabilizes. Yes, the rise could be shorts covering from earlier in the week. As you mentioned it seems hard to believe shorts would be fooling around for 1/4 to 3/8ths of a point. Maybe they had waited thinking IFLY would fall lower. IMHO Looks like we'll trade in a band between 8 and 9 today. I don't see us moving out of the band today unless there is some sort of news. Lucky Lawrence