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


To: Magnatizer who wrote (10992)12/4/1998 5:49:00 PM
From: Sergio H  Read Replies (1) | Respond to of 29382
 
David, IFLY is scheduled to open their enhanced web site in January. I'll take a stab at TA on MDMD in a little while.

Another site with a rec on IFLY:
<Starting New Coverage: NASDAQ: IFLY

We are finally starting coverage of this Wall Street sweetheart. 800 Travel Systems seems to be on-time with the roll-out of their Internet Commerce application. Many E-mails from investors indicate that some have already tested and seen the system. (This includes one of our own Due Diligence committee members SIMARX.) Simarx tells us that he plans to have a position of 50,000 shares by the end of the year (hows that for a disclaimer, we would not have listed the stock otherwise.)

IFLY is currently re-tracing on very low volume from a recent double. Evidently as more and more of the public have been allowed to test the pilot of the system, the stock has benefitted. The stock demonstrates great upside potential with a small float and profitable core business. All the ingrediants that made eBay such a hit. While no one can be sure how the investment community will reward entry into the Internet sector, we do have many positive examples to lean on. We expect the stock will appreciate in value as the January release approaches. Take advantage of the profit taking that is gong on. >

investoralley.com



To: Magnatizer who wrote (10992)12/5/1998 11:19:00 AM
From: Sergio H  Read Replies (1) | Respond to of 29382
 
<MDMD>
TA: Looking at the chart, you get the sense that the stock will fulfill its symmetrical mission and move up to fill the gap created by the strong gravitational force that drove it down 70% in July.

MACD buy signal. Recent 13 day moving avg. crossover also bullish. The daily volume has been erratic ranging from 9k to 234k. Consistent voluminal pressure is needed to establish a breakout. The last two sessions the stock has traded over the top Bollinger band. I believe that we're going to see the price retest the bottom of the Bollinger band before we see a breakout.

xxxxxxxxxxxxx

Interesting stock Dave. Did you notice that MDMD insiders sold shares in the 20s before the stock nosedived in July. The Co. also
had a secondary offering in June at 19 3/8. Those institutional buyers were deep in the red within a month.

For an interesting comparison, take a look at ADVH's chart. Similar companies, similar drops in July. ADVH though is still flatlining at the bottom of the pond, selling at about 15% of its book value.