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

To: Citidude who wrote (955)	5/2/1998 3:35:00 PM
From: Andrew H	Read Replies (2) \| Respond to of 4761

Most likely the warrants will be called as soon as the stock trades above 10 for 7 of 10 consecutive days. That would most likely give holders 1 month before they have to convert or sell. The question then becomes how high is it resonable to expect the stock price to rise during that one month, all the while keeping a watch on the month running out. My guess is that the stock is not likely to rise much higher than 15 or so during that time. Under those circumstances I would be happy to get out of the warrants with the stock at about 12.5 for about 6.25 on the warrants. What do you think?