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

To: Andrew H who wrote (1105)	5/9/1998 10:42:00 AM
From: Stephen	Respond to of 4761

Andrew .. (OT) I forgot the <GG> .. however, when volume has dried up at end of day, prices do get manipulated. By selling between funds and raising(dropping) both the bid and ask on small amounts, the close price can look much better(worse) than the reality of the days trading. I saw it many times last year when I was following the search engines. It was suggested afterwards that it was Jeff V. He rotated from Lycos to Xcit ...and was just starting with Seek when Asia hit. All the SE's had a large amount of shorts and he was systematically picking them off. Once he got their money from Lycos, he switched to Xcit and Lycos went down quickly. It was real interesting to watch. Some support in the morning but most in the late afternoon and close once volume had dropped off. If it was a real bad day, there would be afterhour trades to drive the price back up. Course that was when Lycos was 40+ Xcit 30+ and Seek around 10 ... seems like years ago !! As for our IFLY, looks like a good buy at end of day went through so appearances may have been deceiving !!. Good luck to all Stephen