Check out PF(perfumania.com),a recent ipo that came out during the down market in october. It came out at 7 dollars and proceeded to go down to 5.75. What no one knew was that dominion income management purchased 1.55 million shares on the open market within about 11 days.
Incredible blocks being purchased. PF has 7.5 million shares outstanding and thanks to dominion its float has been cut to under 2 million and the big block buys are still coming. So in essence dominion bought up roughly 40% of the float WOWWW!!!!
PF is a leading seller of cologne and perfume.
As a sympathy play watch prfm which owns 4 million shares or 53 percent of PF so as pf goes so does prfm.
prfm currently trading at 3.5 on th enasdaq |
