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


To: M.R. Davis who wrote (2968)12/29/1998 11:33:00 AM
From: blankmind  Read Replies (3) | Respond to of 4761
 
gentlemen - careful on IFLY -

- I was one of the early and ardent supporters, but took profits - albeit a bit early.

- I've taken slack on yahoo, so I'll explain my reservations here:
- web site won't be operational for another month or 2
- IFLY management has purposely mis-stated several key facts to multiple investors; including myself
- the last 2 1/4's of profits were negligible & could be the result of "capitalizing" instead of "expensing" internet costs
- 1 yr inside lock up ends in Jan '99; and millions of shares could hit the market

- having said all this. Who knows? IFLY could go to $100 tomorrow.

- good luck to everyone. No matter how you're playing it.



To: M.R. Davis who wrote (2968)12/29/1998 12:32:00 PM
From: Alex MG  Read Replies (2) | Respond to of 4761
 
What is this about a downgrade on IFLY
Message 7011314
per Jenna on Market Gems... >>IFLY down on downgrade Solomon SMith Barney cuts it to outperform<<