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Non-Tech : Parlux (PARL) Fragrances

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To: JEFF CHAPMAN who wrote (463)8/5/1997 3:30:00 PM
From: Stingray   of 527
 
I was expecting the stock to fall back to 2 after those disappointing results. Since it instead went up I sold 500 shares at 2 3/8. I still think the stock is worth more than it is trading at but my estimate of how much it is worth just fell by about a point. If the lack of earnings is indeed due to temporary factors then the stock should be worth around 4 when they get back on track, if instead the earnings are in a downward spiral it's worth closer to 2. I still have 800 shares purchased at 2 7/16, the ones I sold I bought at 4 3/8 so they represent most of my tax loss and I won't feel pressured to sell any more until I see a price that looks fair.
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