In the spirit of honesty, I will post that I exited PRFM for now. I know some may trash me for this but I will try in this one post to explain my thinking. First, as has been said many times, WE ALL HAVE TO MAKE OUR OWN DECISIONS. Second, the market, especially inets, is being pounded. I think they just went too crazy yesterday and today is the reality. Third, I felt based on the volume that PRFM was ready to pop today, the fact that it didn't I thought was because of the market. But, we need both the market and the individual stock to work. Fourth, after yesterday's giant pop on inets I think everyone has to be nervous about Yahoo's earnings tonight. I realize that if they are great I will miss one morning's pop. I'll live with that. Finally, I bought PRFM after carefully watching it after Rande had recommended it. I had a goal which was exceeded. My average (net) in cost was $3.38 and my average (net) sell price was $9.11. I had a very large position and wasn't willing to risk losing so much paper (now real) profit.
To all of those who are holding, I'm hoping you are right. Finally to Rande, this probably isn't what you did but thank you so much for the pick. It was a significant gain and I'm tired but happy. Cheers, Glass.
PS, Before you bash my decision please remember I have shared this to help any newbies understand one person's thinking.
PPS, I may be back in tomorrow. I will post. |
