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Strategies & Market Trends : Trader J's Inner Circle
NVDA 172.30-5.6%11:09 AM EST

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To: Wes Stevens who wrote (7064)1/31/1999 5:21:00 PM
From: Jon K.  Read Replies (1) of 56535
 
PRFM, Wes, I respect your point of view and thanks for letting me stick around. However, I am still going to post what I think (and what I believe) about the stock.

I've been following internet and e-commerce related stocks since last October, and I found the stock goes up on news and expectation of a certain event. But when that event actually happens, the stock price usually goes down. (Some times it goes up if it gets a great news coverage) Not only that, lately many people saw this patttern and start to sell off a day or two before the actual event happens. (With e-commerce stocks, it is getting more like a psychology game than investment strategy)

PRFM has a great potential. I think this stock will trade between $7 and $25 in next few months. I sure will enjoy trading this stock many times, going up and coming down. Hang on, we will have a really great ride!

To All :
If a stock price goes up 300% to 700% in a matter of few weeks, you know you are in a highly speculative and high risk stock. If your retirement is coming soon, and if you need this money to pay your monthly bill... GET OUT! These are not the place to bet your basic living expense.

Jon
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