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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (6780)	1/29/1999 3:38:00 PM
From: Dean	Read Replies (2) \| Respond to of 56535

TJ: PRFM - The bid and ask don't seem to be making sense...

To: Trader J who wrote (6780)	1/29/1999 3:38:00 PM
From: BANCHEE	Respond to of 56535

Trader J the battle is on..somthing from Rande To: William Jepsen (2593 ) From: Rande Is Friday, Jan 29 1999 2:50PM ET Reply # of 2608 William, momentum building nicely this week on PVII. Heard rumor on daytraders irc that Wall Street Journal was writing an article about them, due to the Super Bowl deal. Did you run across anything on this? Also, today they got news on placing virtual ads in horse races. Real cool. PRFM shorts controlled the day like we thought. Pretty easy day to time PRFM. . .NEWS headlines came across wire this aftn. on PRFM. Evidently the stories are still being written. All looks good for Monday. A broker/trader wrote me about today's trading on PRFM, that he felt a good portion of trades were sells and NOT shorts. Shorts have been EXTREMELY vocal today, which is always a good sign. My guess is that those that got scared today will jump right back in before the bell. Actually that will work to our favor, IMO. Let's say a trader was afraid and sold completely out at 12.50 and then gets confident buys back at 13. So they left .50 cents on the table. If they bought at 3 or 4 or 5, what difference does it make to leave .50 on the table and get back in later today when the risk is perceived as being lower? I think when today's news hits the general wires, we will see a big turnaround. But man, when it dips down toward 12.25, it is just too tempting to pass up.