Hraka, nice trade, my hat's off to you. PRFM- To ALL: Monday game plan.
I deserved to be spanked with PRFM. I jumped in with out even knowing the internet site launching date. If I knew it was next Monday, I would never have got into this one. Oh, well what's done is done. This is my game plan on Monday.
Observing from this stocks past chart and other internet plays
I think it could gap down and continue down to around $7 range, (so get prepared) and then bounce up to $9 to $10 range.
1. If the stock gap down more than 3 point, I will not sell. I will pick up some more shares at around $7 - $7.5 and sell at around $9.5
2. If the stock does gap up or does not gap down much I will exit right away.(which I think has less than 10% chance - but we can all pray hard over the weekend for a supernatural intervention -g-)
3. With news and Valentine's days coming, a short rally will occur a few days before the valentine's day and expect one more big wave with in two months. (Hope only the good news will come out over the weekend)
I am determined to get out PRFM with positive cash flow. We can still do it.
If anyone else has a different plan please let me know.
But then again, this is a superbowl weekend, forget the stock and enjoy your weekend!
Jon
PS: TJ, after a big loss, some doubts about you crept into my mind. But after I saw the post of you & Anthony's conversation, all doubts vanished. Thank you for your honesty.
Cheers, our time will come soon!
(Hope you didn't put too much eggs in one basket. Don't forget your new year's resolution) |
