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Non-Tech : PERFUMANIA.COM . . PRFM . . .FOR LONGS ONLY

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To: Mark[ox5] who wrote (1297)1/31/1999 5:43:00 PM
From: TheLineMan   of 2489
 
The sad fact is everyone expects this stock to crash & burn - both longs and shorts. The only difference is that longs are caught in the hype. They can only make money if the stock goes up - the shorts really can't lose from here. If it goes up furthur Monday, everyone will make money within the week. If it doesn't only the shorts will gain from here on in. I have neither position yet - but if the stock shows some strength it seems like a good bet on the short side. If it doesn't show any strength it is still a good bet on the short side.
It doesn't seem like a lot of the insiders thought it would make it this far. Look at the selling - one director has already dumped his entire stash. I don't know what you see, but I see a poorly run company that has opened an internet site in a vain attempt at survival. While management dump shares to enrich themselves.
Say what you will but as Anthony says someon will be left holding the bag before the week is over and it probably won't be the short interest.
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