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

To: HRAKA who wrote (6923)	1/30/1999 4:15:00 AM
From: Jon K.	Read Replies (3) \| Respond to of 56535

Hraka, nice trade, my hat's off to you. PRFM- To ALL: Monday game plan. I deserved to be spanked with PRFM. I jumped in with out even knowing the internet site launching date. If I knew it was next Monday, I would never have got into this one. Oh, well what's done is done. This is my game plan on Monday. Observing from this stocks past chart and other internet plays I think it could gap down and continue down to around $7 range, (so get prepared) and then bounce up to $9 to $10 range. 1. If the stock gap down more than 3 point, I will not sell. I will pick up some more shares at around $7 - $7.5 and sell at around $9.5 2. If the stock does gap up or does not gap down much I will exit right away.(which I think has less than 10% chance - but we can all pray hard over the weekend for a supernatural intervention -g-) 3. With news and Valentine's days coming, a short rally will occur a few days before the valentine's day and expect one more big wave with in two months. (Hope only the good news will come out over the weekend) I am determined to get out PRFM with positive cash flow. We can still do it. If anyone else has a different plan please let me know. But then again, this is a superbowl weekend, forget the stock and enjoy your weekend! Jon PS: TJ, after a big loss, some doubts about you crept into my mind. But after I saw the post of you & Anthony's conversation, all doubts vanished. Thank you for your honesty. Cheers, our time will come soon! (Hope you didn't put too much eggs in one basket. Don't forget your new year's resolution)

To: HRAKA who wrote (6923)	1/30/1999 10:11:00 AM
From: William G. Murray	Respond to of 56535

Good morning Hraka, I can see the thoughts behind your position. You are confident the stock will at some point will fall and you have the capital to withstand a possibly significant drawdown. If you wait too long to go short, you miss the last uptick and cannot get a position. Its a matter of how you percieve the stock will react in the near future. A runup on Monday and the longs will be happy. A falling knife by the end of the week and the shorts are happy. (The timing could be reversed.) My concerns were (1) the COO/CFO resigning unexpectedly, and (2) the emerging "shorts" that combined with the faithful longs ended up in a pissing contest. The first bit of information may or may not affect the stock. The second affect how I perceive Silicon Investor. I enjoy going online and reading the varied opinions of everyone and their brother. I thrive on "good" information to help me decide what positions (and directions) are best for my portfolio. I am willing to listen to anyone who wishes to diseminate accurate information and give a fair and honest interpretation of that opinion. On this stock (PRFM), I feel going long is best for my portfolio. When I have accurate information that makes me feel I should be short, I will try to join your camp. Thanks for your input. Happy hunting and good luck. B.M.