Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: melinda abplanalp who wrote (1778)	1/9/1999 6:57:00 AM
From: Rande Is	Read Replies (2) \| Respond to of 57584

Glad you guys had fun with PRFM yesterday. It is always a joy to see the fruits of our labor. I can't get an accurate bead on what occurred, but I would suspect some daytraders saw the volume increase like we did on the PRFM thread at noon. . . then jumped in for some quick profits. Price shot up over 6, then within seconds or minutes they left. If you look at the intraday....the spike does not seem to have affected the general accumulation trend. . .which continues after the spike. . .though on less volume. . . That, IMO, is a good sign. If volume was substantial during spike...and spike was higher than it was, I would be more concerned. I see spike as shallow and thinly traded. I am ignoring it totally and watching for sustained accumulation. If Monday morning is relatively uneventful for PRFM and we see slow steady upticks like Friday, then we are back on track....with little to no harm to trend. It is when stock behaves in an eratic way following a spike, that increases risk, IMO. If we saw steady downticks from coming from the spike and increasing in size, I would be concerned. Bottom line, I see Friday's spike as a non-event. A bump in the road, if you will. Strictly in my opinion, I see us back on course of slow accumulation with chance of consolidation in the low 5's before continuing trend. WE MAY CONTINUE TO SEE SPIKES AS DAYTRADERS SMACK THEIR LIPS. We should not let that affect our own game plan. They are thrilled to jump in for a half point gain. . . .I am holding out for the REAL gains seen with multiple doubling. PR is just beginning. . . imagine the PR planned and what the price will do upon those releases and make your decisions accordingly. I am looking for a BAMM like frenzy to kick in. . .and that is why I am so heavily into PRFM on a percentage of portfolio basis. It has the right stuff, IMO. But, if you are afraid of heights, set your own limits, pulling small amounts out on the way up. Having just seen the greatest collection of rockets in the world. . . .I am hoping some of that rubs off and we see it REALLY take off. Friday was nice, but that was nothing, IMO. The real moves are still to come, in my opinion. Wish I could stay and talk. . . but I must drive to airport in the ice now. Clean up when you leave. Rande Is