Rande
Great call on PRFM. I bought in around 5 then some more around 8. I believe that if you buy a basket of little guys, all it takes is two of six to pop and you can be way ahead of the game.
The challenge I have here is when to sell PRFM. I think we all know that if this pulls a BAMM or SKYM and shoots to 30, 40 , or 50, its time to flip it and get out while the gettin's good. I believe it is highly unlikely this will have the sustained gravity of any first tier Internut. The key is how will it react early next week. None of us will know the answer till it happens. One thing for sure is that it will be volatile, lets hope in the up direction.
I've gotten very lucky in a few of these types of stocks, e.g. AWEB, SLEU, and XYBR buying near the bottom and getting out near the top. I've also been creamed by buying BAMM, BIKR and a few others I would like to forget about still thinking there was life left in them, catching them near the top and riding them down into the flames.
So where does PRFM sit in all this? If I and others get lucky, we witness a CNBC report or other media catch this, fan the flames, and see a huge pop. We can also witness a sell off, as I've seen a few other stocks I thought were "sure things" I've lost money on self-destruct. Going into Monday morning, if we see a huge rise before open, do you sell into the buying? Wait and see? Very tough call here. I'll probably take some profits if there is a big gapper and leave some ride. If it turns ugly, that may be even a tougher decision on what to do. I have no doubt there are a lot of shorts visiting this board to post and get people to sell. That said, I'm long, but I also know there are the risks. The last stock I made some money on before losing the rest was MLRE. That was my "sure thing" that self-destructed over the weekend awhile back. What's your plan for Monday open if there is a gap up or down?
Hal
p.s. I plan to do some "fishin" on your thread for other plays that may explode. |
