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

To: fishweed who wrote (2353)	1/25/1999 12:02:00 PM
From: Rande Is	Read Replies (3) \| Respond to of 57584

Some trading thoughts on PRFM. . . . 1.9 is the only float number I know. That is very small, and knowing the high percentage of buy and hold traders there are, we could see strong advances at any time, when float dries up. Look at daily volume history. Each time it has neared a million shares traded, there was significant upward movement. If you have been following along, you know that we are not playing this as a momo, but as a position trade from a month ago. Lots of PR due out at any time by new WS PR firm. And they tend to release news when it hits new highs . . .just the way I like it. Our resident hacker/explorers on the PRFM must have triggered an alert. Anything they place in a public capacity is fair game to read without regard to "insider" knowledge. . . provided no security lock is breached. So isn't it interesting that AFTER one of our youngsters discovered some compelling data that he will reveal to us some time today. . .that now PRFM is requiring "authentication information" otherwise known as a username and password. . .for looking anywhere beyond their front door.? ? ? ? perfumania.com Anyway, because many folks here are in long and strong from 2.75 to 6, there are still many shares in strong hands looking for 25+ target. But nobody is expecting to see that happen in a single day. We are hoping for 1 to 2 point gains like today, straight until the bigger announcements get made. And since gains are made very slowly, it further discourages daytrading, which can quickly kill the accumulative momentum. In my opinion, this stock is moving precisely the way that we had planned for it to move over a month ago. [See early PRFM posts on HOME thread and on PRFM thread] If it moves too quickly there are a few daytraders there to reign it in. . .but notice how quickly it consolidates. Definitely not a stock for all types of trading. But for those in low with strong positions, it is just what the doctor ordered. Rande Is