The Dumb get Dumber
By: afrayem $$$
Reply To: 30 by punchy $$$ Thursday, 27 Apr 2000 at 10:03 PM EDT
Post # of 303
What's next????
I have refrained from commenting on the current PFER stock price situation while volatility prevailed and NASDAQ followed the expected laws of gravity. Like Icarus it has imploded in flames which are still burning. Apart from gnashing of teeth over wouldn't it have been great if we had sold four weeks ago, what has changed with PFER – except a temporary price loss as markets' fell and those margined on other stock being forced to sell PFER to cover margin calls. See my Dec post which predicted this probability.
OK smart person,. Why didn't you sell? Simply because I am not a trader and nothing in the last few weeks has changed pfer's basically strong fundamentals. What are these? My answer will cover some questions that have been put to me in the last three weeks.
NAZ sc listing. Initiated and should be completed . Absence of any recent news is, as stated in other posts by others talking to the company, because more price movement can be generated by holding back until institutional investors can buy in. Also, issuing press releases while your investors are selling your stock to cover their other margin calls, would be counter productive.
Anyone got anything to add, let us all know. If not sit back. Frustrating as this has been, hold on to your shares waiting for news releases that will come with NAZ sc listing. If not, we are all in trouble as new financing is needed to cover cash burn. However, I go back to the point I don't think this group of experienced businessmen, running profitable companies, would have bought into a company that is not going to succeed. They know one #### of a lot more than we do about what PFER prospects are. Sit back, try to relax and live with your original confidence in this company's fundamentals.
(Voluntary Disclosure: Position- Long; ST Rating- Buy; LT Rating- Strong Buy)
ragingbull.lycos.com |
