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Non-Tech : PERFUMANIA.COM . . PRFM . . .FOR LONGS ONLY
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To: molemania who wrote (2364)8/30/1999 9:03:00 AM
From: Rande Is  Read Replies (1) of 2489
 
Much more complicated. . . it is watched closely by short-sellers. . . it was hit 6 months ago near their highs of 12 or so. . . we bought at 2 something. But it has had a lid on it ever since. This is a good retailers with stores from coast-to-coast in fine shopping malls. . . and a desire to become a premier online fragrance store. Yes it seems undervalued. . .but often shorts don't look at valuation as we do. . but prefer to just gang attack whatever stock is called. . .good or bad.

So I hope that explains it somewhat. I think this week should see some gains on short-covering as company releases news and the media picks it up. But whenever there is manipulation, there is no predicting.

Rande Is
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