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: Matt Brown who wrote (1689)	2/1/1999 8:59:00 PM
From: Rande Is	Read Replies (6) of 2489

TO ALL: Cause, effect and blame: REUTERS: I have read Reuters' many stories today, saying that the reason PRFM stock took a nose dive was because the investors 'turned up their noses,' because the 'stock stank' and because the company 'smelt' success fleeting by. . . and on and on with hardly unbiased reports. And one story that was never even written to the headline released an hour before trading. OT> Why does Reuters own Instanet anyway? But we all know that Anthony's group showed up minutes BEFORE the CFO resignation was released to the 'general' public. KCSA: For a "hot shot Wall Street PR firm," why would they not advise Perfumania, Inc. that they should have released the CFO resignation several weeks ago when they first knew of it. . .so as not to interfere with the opening? And why did they not release the Business Wire announcement an hour before the bell as they had agreed? 6 minutes AFTER the opening bell misses the pre-market trades entirely and most daytraders have already taken positions by then. Not too bright for "professionals." ME: As a swing trader, I made a fatal error of holding a stock into being a momentum trade. Momentum trading is TOTALLY different than position trading and I should have sold the second the volume soared...then posted my sell and moved on to the next stocks. Lesson learned the hard way. I apologize to those watching for me to post my sells back when we first hit 12 and volume. I had terribly underestimated the size of Anthony's group [said on their thread to be 500+]and the buying power [tens of millions]. I have seen shorts move into a stock for the purpose of destroying it, but NEVER anything like this. Had I known what we were up against, I would not have been enthusiastic thru the weekend. ANTHONY'S TEAM: They claim they were "saving" us from our "bad" investment...then they PROVED their case by short-selling the stock for the purpose of driving the price down...4 bucks in a single day. Then they said, "Told you the company was no good." Now tell me again how this was supposed to save us. They made US feel guilty for still seeing potential in a stock that was already up 1000 pct. . .and in OUR enthusiasm, WE may have influenced someone somewhere into buying at 13.50. And they were SO upset by it, that they short-sold the stock back under 7. The true cause for what happened here is plain and simple. . . . . . we were played. They stated their intent was to destroy PRFM when they first moved in on Friday. . .and they kept their word. Now the effect is evident. They are in control until they get bored and move on to save some OTHER investors from THEIR bad investments. I don't have a magical solution. The Pope could order cologne at the new website and it would make no difference to the stock price while this organized band of short-sellers are in control. Anthony, YOU owe these good people an apology. Rande Is

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