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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sandra who wrote (6243)	6/21/1998 11:12:00 AM
From: Amigo Mike	Read Replies (1) \| Respond to of 29382

Hi Sandra, Noticed your mention of IFLY. I'm in this stock and it appears to be very intriguing. Been watching since the huge run several weeks ago. I like the fundies, low float (1.3 mil), high short position (550k+), business prospects for their new INTERACTIVE website to open soon. IFLY can be favorably compared to PTVL which trades in the $30s. There is huge upside potential here. My only concern right now is the involvement of Tokyo Joe and his group. They appear to be trying to force a short squeeze. The short apparently is a pro as I've been told the stock is not marginable. HOWEVER ..... a professional short would SURELY have his a$$ covered by holding a larger position in the IFLY warrants to maximize his potential gains. T Joe has set an initial target of $11 for IFLY probably later this week (news expected) and then the sky is the limit after their new website is launched. First interactive commercial site ...... how many times have you wished to purchase something on the web but didn;t because you had questions about the item and had no one to talk too ????? Plus it is expected there will be major alliances and sponsorship of the site by at least one telco, hotel chain, rental car agancy and possibly an airline. I am going to try and hold this one as long as possible. I had underestimated the power of the web in the past as I has purchased SEEK at $8.50 and XCIT at $15 some time ago. Sold both at 50% profit ..... however .... we all know the rest of the story. Both have gone on to MONSTROUS gains. I see that kind of potential for IFLY. Amigo Mike