Well, here's my battle sword...
I am a good sport. The shorts played this game so well it wasn't even funny. They moved in like the Spartans of Greece. They just wiped the surface clean. They were extremely good. Let's face it. There was a lot of positive surrounding this stock, but when the insider comes out and resigns, without FULLY stating why, new investors can't help but turn away.
Congrats to those who shorted. I'm not going to get on here whining about my losses. Granted, I lost a few thousand. But that is the game, you win some you lose some. This is definitely my biggest hit to date, but then again I haven't sold yet.
I truly did not think that the CFO would have that much of an impact, but then again, the flood of potential buyers that WOULD have got in, were turned off by him. Now whether, one of these shorters was THE CFO and he helped them out on this one, we will probably never know. There is always a great possibilty for that. This baby was just played so perfectly today, I am almost laughing at myself.
But! The fact is that they are on the internet now. That in my opinion is a major step for PRFM. I did not sell my shares, because I think there is much more left to this game. The shorts may have won the first battle, but the war is not over. I would just hope that the shorts would let us win one now. I think we have all gained a true respect for what the shorts can do to a stock. They do have a lot of power, which I did not realize. The way I figure it, is that I am learning my lessons young and losing only a few thousand learning, instead of millions.
Once again, I am still LONG on this stock. Inets suffer just like the rest of the stocks out there. The problem was that the CFO wanted to literally crush this company. No doubt about it. And he knew exactly when to play it to make it happen. He WAS an insider. We are past that thorn in our flesh from now on. Forget the guy. Now, I still think the possiblity is out there that he could have helped these shorts out. They seemed to be very shady and acted liked they knew something we didn't. They did, apparently.
To all those that still held, I am in there with ya!
Matt
Tommorow could be interesting. I might try to call the CEO tonight. |
