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Non-Tech : PERFUMANIA.COM . . PRFM . . .FOR LONGS ONLY
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To: Rande Is who wrote (1616)2/1/1999 1:11:00 PM
From: Tom Kinakin  Read Replies (1) of 2489
 
Lurkers,

Rande's logic is more than just flawed, it's almost 180 degrees off of the real reasons PRFM tanked today. The fundamentals of the company could not support the overvalued share price.

Now that the shorts have tasted blood, they will be back time and time again to profit from any run up in PRFM. It is still overvalued. Only when the company posts net profits will the share price recover to its previous highs. Given last year's losses, that could take some time. Internet commerce isn't as popular as some would have you believe, including many retailers.

Tom Kinakin
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