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

To: James H. Irwin who wrote (3615)	1/5/1999 11:44:00 AM
From: Paul Motter	Respond to of 4761

Even news of the addition of lucrative cruise reservations and additional DJ news releases can't boost this stock right now. On balance there are a lot of sellers here. I'm out of this one since Dec. but at this point I am even thinking about buying back in. The stock is having a shakeout of speculators, but at some point here it becomes fairly valued again. FWIW.. I am very close to the cruise business and I can tell you it is far more profitable for travel agents than airline tickets. Average commission is ~15% of total price of cruise, so 2 tickets at $1000 apiece = $300, and that's a cheap cruise, many cruises go for as much a $5000 a ticket.