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

To: melinda abplanalp who wrote (6931)	1/30/1999 12:20:00 PM
From: William G. Murray	Respond to of 56535

PRFM - Just for grins, I constructed an overlay of DBCC and PRFM charts. During DBCC's brief rally to 15 +/- at the end of December, we saw a little rally with PRFM. During the big DBCC run up in mid-January (briefly at $50), we saw a similar rally with PRFM ($4 to $8). The real interest to me is the action last Thursday and Friday. On Thursday we see a nice run up with both DBCC and PRFM along with increasing volume. On Friday, both stocks dropped on no news. I assumed that PRFM was riding the DBCC wave in the past. Could DBCC riding the PRFM wave now? Since the volume is so much greater with DBCC than PRFM, I'm beginning to think the stalled rally and subsequent drop in PRFM may have been a sympathy move tied into the DBCC drop. If this is the case, its possible that since neither has had much news or coverage, DBCC corrected Friday due to a nice rally on Thursday from $18 to $22 and PRFM followed suit. No inherent weakness in DBCC or PRFM, just some people watching both at the same time and taking their profits off the table before the weekend. The big difference, PRFM will make major announcements next week (beginning before the markets open on Monday???). Just sharing some more thoughts when I should be doing something productive. Any thoughts? Thanks. B.M.