For goodness sake don't buy more of this turkey. Now I know everybody around here will start saying I'm a short trying to scare you off and you can believe that if you like. I will just tell you my story and leave it up to you.
I got into PRFM, mostly because of hype, at $9 11/16, on the Thursday before their site opened. That was a good day and the stock closed at $12. I got all excited and bought some more the next day at what is, to date, the all time high. Then the shorts got into the act and did there thing. (I subsequently got out the following Wednesday, at $8, my wisest move to date.)
At first I was annoyed by these guys and thought that they were simply trying to scare longs away and, of course, that was part of what they were attempting to do. What I ignored was the fact that what they were saying was, for the most part, the truth! Anthony and his cohorts know what they are doing. They don't short stocks that are going to take off. That would be stupid. (Go to Anthony's thread and check out his record. It's simply awesome. And it's not just a case of him saying stuff after the fact. Watch in real time what happens when he issues a call to short.)
In summary, you have to decide what to do for yourself. In making your decision, listen to what EVERONE is saying, the longs and the shorts, and then weigh the evidence. remember that thoose encouraging you to buy or to hold have just as big a vested interest as the ones trying to get you to sell. Shorts are not automatically evil people, they are traders trying to make a profit, just like everyone else!
BTW, I don't think there are many shorts into this currently, despite what the pushers of this stock might say. If they were in it, they would certainly be here making a noise and I simply don't see them, do you?
PP |
