I still like PRFM. Why? Here's why:
I think, and I say this again, that today was pure flat out panic selling. People that have been holding stock all weekend and crapping in pants because of shorts sold out asap when price tanked. Didn't want to "hold bag."
Heres why it tanked today-- dimgroup.com
I am glad they did this. PRFM does not need weaklings holding their stock. Instead, we need some Stonewall Jacksons and US Grants holding this. And after today, I think we might have seen that.
People keep talking about how PRFM screwed them or how Ilia is a moron, so how can he run an Inet company. Simple, hire outside help. For some reason, this PR never hit streets as far as I can see, but yet it was released recently:
kcsa.com
PERFUMANIA, INC. APPOINTS RACHMIL LEKACH PRESIDENT OF INTERNET SUBSIDIARY
Mr. Lekach joins Perfumania.com from Ocean Reef Capital Management where he was Chief Executive Officer.
Folks, Ilia, the guy everyone seems to hate isn't running the Inet side of the company, Rachmil is. See, management changes are occuring for the better. Give them a chance.
Also, everybody on this thread and in the stock market knows that if it would not have been for the poor timing of releasing that CFO resignation (which I'm sure as part of the CFO's plan to destroy the company) that the stock would have went through the roof. Come on you know its true. Show me one example that proves that statement wrong.
Next, let me ask you a question about the sales power. Which are you going to buy from? DELL or ProGen? I would suspect DELL..Gee Matt, how did you know that?! People go with what they know and hear about. ProGen sounds like a BIOMED company, not a PC Manufacturer.
Which are you going to buy from Perfumania, with one of the cleanest and most professional sites around, or EROX (go check out their site, www.erox.com lol!). I am guessing...Perfumania??!! How did you know, Matthew??!! You have heard of them and know the name and see them in almost every mid-large town mall. You are gong to pick the one you know and trust. Do you think a consumer cares if the company is losing money or not??? NO!! They care about prices, convience, customer service, ease of use. If the consumer cared about the financial shape of a company, how would AMZN be so successful?
One problem we ran into again, was buy on rumor sell on news. We had a mob trying to sell today. IT was bezerk, so naturally the shorts jump all over it. To me, now I could be wrong, but it looks like all of the sellers that were in for quick bang are out of it. Thank goodness. We are going to be having a few surprises coming up in these next 2 weeks. They will make the price rise, because they are unexpected and unpredictable surprises. Look for website sales, portal, advertisement announcements, etc.
Anthony, you are your gang did your damage and had your fun. Let us win for once. There are plenty of other stocks to short. You have killed the small time investor. We all know you are big and we respect you now. I/We have already apologized and we all hope you accept our apology.
Best Regards to everyone involved in PRFM,
Matt
Wheww...that was a mouthful...I think I will rest easier tonight, now that all that is out.
PS. I have gotten a few PM from people telling me to shut my mouth. They say I am full of crap. I am speaking only truth to the best of my knowledge, but if I am getting on everyone's nerves, please let me know by all means and I will shut my trap! Happy Trading! And remember one thing..V-Day is coming up... SNIFF SNIFF SNIFF! :) |
