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

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To: Anthony@Pacific who wrote (1862)2/2/1999 11:05:00 PM
From: HRAKA  Read Replies (1) of 2489
 
Anthony,
No way this stock hits $15 unless you're planning on buying. Look at the volume the last hour and the stock only went up $2 1/2. Who's gonna do that much buying over $10? Let's look at it:

1) The company has a pattern for losing large amounts of cash.

2) Management of company has a pattern for losing large amounts of cash in other companies.

3) Too many "family" positions in management

4) CFO resigns.

5) Today's PR was a obvious hype play by the company

6) Perfume retailer - boring!

7) MASSIVE competition in the online perfume sells

The only positive I see is that their website is VERY nice.

I say it takes 3.5 million shares in buys to take it to $15 from here.
Who with that much money is gonna buy this?

Hraka
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