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


To: LAWRENCE C. who wrote (977)5/4/1998 9:55:00 AM
From: Andrew H  Read Replies (1) | Respond to of 4761
 
>>If there is a glut of selling in IFLYW which exceeds the demand because warrant owners do not have the funds to convert or many warrant owners trying to take profit-taking at the same time or any other reasons, the value of the warrants during the call period could at times be lower than IFLY-6.25.
Also expectations are a factor, if IFLY is expected to continue rising after the warrants are called that would be bullish for the IFLYW.<<

Always appreciate your analysis, Lawrence, since it is generally first rate. Basically, I have no argument with what you say. There will likely be some variation from the 6.25 figure because of the factors you site, once the call is made. Still, I think it will stay pretty close to that figure--give or take .50-.75