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

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To: GalSal who wrote (1330)1/31/1999 6:31:00 PM
From: YosemiteSam  Read Replies (2) of 2489
 
GalSal, hope you don't mind a reply from someone beside Mr Is...

A profile is your opportunity to note some things about yourself, which can be viewed by any other interested party here. You may enter that information by selecting the "profile" option on the SI homepage. Some folks put in factual information. Some, like myself, put in nonsensical things related to their "screen" name, and some folks flat out lie, with intent to decieve. Buyer beware...

Regarding your earlier post, on your stock position... I am a relative novice in the stock investing business. I've read some things, and tried some things. So far, I've lost more than I've made, but I am improving. My own opinion is that if you feel very uncomfortable in your current situation, sell into any strength that may occur Monday. More on this in just a bit.

I don't know what sort of broker you use, but on my system with Waterhouse, you can see pre-market activity before 9:30. If you can look at that, or come here, or to the PRFM messages on Yahoo, to see posts with pre-market quotes, you'll get a fair look at the initail direction of things. If the web site opens as scheduled, and the PR machine is in gear along with CNBC, we should see a significant increase in the bid/ask prices. I think we'll see prices at the open up to the 14-15 range, at least, and a good increase as the day progresses.

If you're nervous about your investment, and the stock opens strong, take a profit and relax. I have 10,000 shares. Half I bought below $10, the others I bought Friday, along with you. I see higher prices, and plan to let it roll, though I do plan to sell increments of my shares if PRFM gets into the 20's, or higher. If it goes up only a few bucks, and hangs up there, I'll try to sell most of my holdings, and try to figure out why I miscalculated so badly on where I thought we were going.

I am in this for the short term. Some here consider this a good long term play, and they may be right. Try to determine what type of strategy it is that lets you sleep at night, and good luck!

Yosemite Sam (Tim)
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