Bluefly will report results for Q1 May 7th, 2008 at 5pm.

After nearly losing their spot on NASDAQ earlier in the month and gaining a much needed $3 million cash infusion from primary shareholder George Soros, Bluefly and its shareholders approved a 1 for 10 reverse split putting the stock around $4.50. Since then, low volume has kept the stock from moving.

At this point its merely a waiting game. I wouldn’t advise buying any of this stock at this time.

I have shares of BFLY

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