To: Rande Is who wrote (754 ) 1/29/1999 6:13:00 PM From: Trader J Read Replies (4) | Respond to of 2489
I will give credit where due, and Anthony made a good intraday decision as to the action of PRFM.....and played his legion into also furthering his belief. But I have little respect for those that tout themselves constantly and demand that people respect them .... not in those words of course. I have little respect for those that serve their own needs first through the guise of helping others. I respect Anthony as a trader, but I do not like his personality, his antics, his minions, his style, and especially his character. There is fundamentally something wrong with someone who constantly boasts about their abilities. As far as PRFM goes, I am on board with many other good traders here who believe that this issue is going much higher. Doesn't mean that it is going to 50, 30 or even 20 ..... but to hold a short through this weekend is pure suicide, and if they escape ..... then they should feel extremely lucky, and question their abilities as a shorter. There has been not a shread of news in two weeks and to call a short on a stock that has had this kind of run, is no great feat. Sure, I thought it was going higher as well due to the hype of next week, but that does not change the fact that next week, there will be action .... and the stock comparatively has had no run as of yet. I am an extremely objective trader as see things for what they are. To short PRFM into future news, 3rd party partnerships and agreements, a new website that in every way compliments their brick and mortar storefronts, on Super-bowl Sunday, the day before thanks giving, into an Internet frenzy .... is complete and utter lunacy. The shorts are saying how they will love to see this issue back at 2 .... I don't care where it ends up eventually, but I have a good idea where it is going Monday. And being objective again about whether I would sleep better holding long or short PRFM at this level with what is to come.....the answer is obvious. And on the issue of having 100,000 trades of experience .... means nothing except that someone has a lot of time on their hands and enough capital to pay commissions. Experience means nothing, results mean everything mainly as experience is in the past. It does not mean that one makes good decisions in the future. And holding this short is a very, very bad decision unless you can afford the loss or have a broker that won't cover out of fear. To all of you PRFM holders, feel comfortable in what we have here. Sure, it may not be a stellar hold beyond next week, but we are traders and who cares what happens after you no longer have the issue. I will sleep very well. And mark my words, you will see Anthony start pumping the negative on PRFM.....he has to. Just watch, I am amused at the game. Good luck to all. TJ