PERFUMANIA.COM . . PRFM . . .FOR LONGS ONLY Message Board

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Non-Tech : PERFUMANIA.COM . . PRFM . . .FOR LONGS ONLY

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To: Mammon who wrote (1114)	1/30/1999 2:16:00 PM
From: HRAKA	Read Replies (5) of 2489

Mammon, I can't speak for Anthony, but I am short PRFM and I want it to go back up Monday so I can short more. I believe it WILL gap up Monday morning. Let me explain something that I don't think some non-shorters understand. When you short a stock expecially one like PRFM it always has the potential to run on you. A good shorter never shorts his wad at the beginning because if the stock runs he will get squeezed and could lose his you know what. So he keeps a large supply of cash on hand to cover his behind. He also uses this cash to short more as the stock goes higher. He anticipates that the stock will go higher so he is ready and stands to make more by it's rise (assuming somewhere along the line that it does come back down, not always the case). So this is likely why Anthony wishes the stock would go up Monday. I doubt seriously that he has covered. Really "Shorts" have the same trading mantra as "longs", that being buy on dips and sell on spikes, it's just in reverse order. The difference between the 2 (longs and shorts) is that one group believes that the stock will continue to rise and the other believes that it is enevitable to fall. Good luck, Hraka

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