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Strategies & Market Trends : WR's Momentum Trades

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To: Kimberly Lee who wrote (4012)2/1/1999 7:32:00 PM
From: Tom Allinder   of 11130
 
It's funny how people will blame the guy who brought the stock to every ones attention in the first place... Rande Is (and, I have a great deal of respect for him) brought PRFM to the thread in the 3's. It moved to 14! Now it's all his fault for the disaster today according to some over there on the PRFM thread. PRFM closed on it's 21 day moving average; there is nothing wrong with the stock. When the masses are bailing like they did late today, I picked up more shares at 6 7/8 at the close. Any stock that moves from 2's to 14 will correct at some point. The harder they correct, the harder they bounce (usually). :)

Tom
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