To: 007 who wrote (626 ) 1/29/1999 2:34:00 AM From: JWest Read Replies (1) | Respond to of 2489
Found this on a Yahoo! post. Thought it was an interesting viewpoint for the next few days. Take it for what it's worth. JWest "First of all I totally agree with au_star's heading. There is a time for everything. Shorting at this time is insane and shows pure immaturity. Notice how shorts are using various tactics to seed doubts, including several ID's, pretending they are longs with second thoughts, etc. etc. It's all too transparent. That's why technical analysis is superior to all other analysis although it can't stand on its own feet. Pure numbers, trends, no hype, no psycho-idiocy. PURE statistics. We have now had 5 days in a row of positive and rising money flow. Only few internet stocks have had more in a row (e.g. E-bay, AMZN). The bullish indicators are: Stochastics are not even at 80% yet. Volume is rising but has not reached float amount yet, let alone multiples of float. Late trading was up which is usually bullish The anticipation about the rumored alliances will carry this stock through Friday and over the weekend probably at least to Tuesday. If there is a significant gap up tomorrow ($2-4) I think there will be some profit-taking and a correction to maybe 12, and in afternoon trading it will spike back up to $15 (my guess). I think volume will reach 2,000,000 shares tomorrow. Monday I predict 2.5-3 X 15= $36-45 based on the web-site announcement. If the Yahoo-Prfm story is true, I think it will break throught the important psychological barrier of $50. If shorters miss the right timing (if they short too early), the sky is the limit What most shorters underestimate is the huge volume that small companies suddenly attract when word spreads that there is a huge spike in the making. This is what happened with MZON, where shorts totally underestimated 2 layers of successive capital influx, one bigger than the other. MZON's float is three times the size of PRFM. If PRFM fails to attract the really big money (which will bring moneyflow one order of magnitude higher than where we are now), the top is just above 20 I think. All of this depends on the surprise factor on Monday. Which means tomorrow is a kick-back day for me (a long), and a vaccation day for shorts (if they are smart.) All of these are my very personal opinions and I could be totally off. I post it to get feed-back from others, which often helps me adjust my own targets." --------------------------------------------------------------------------------