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Non-Tech : PERFUMANIA.COM . . PRFM . . .FOR LONGS ONLY -- Ignore unavailable to you. Want to Upgrade?


To: Mark[ox5] who wrote (1090)1/30/1999 1:08:00 PM
From: Provocateur  Read Replies (1) | Respond to of 2489
 
Exactly. If Anthony@Pacific was co certain that the stock wasn't going to go up, who not short it all now. He didn't because he is VERY MUCH AWARE that PRFM could climb much higher. He isn't stupid. Rather, his style of making money is different. There is nothing wrong with shorting. But I think it all comes down to a question of timing. Their timing is off in my opinion. We will see Monday. Personally, I think Anthony made a bad call on timing this one. Yes, it is true that the buying fizzled out Friday afternoon. But with all the media coverage that will be coming on this (Wall Street Journal, Investor's Business Daily, radio advertisements, promotions at over 290 stores across the country, and CNBC on it like the cute Valentine story it is), it wasn't wise. New buyers will definitely appear, and with a float of 1.9 million, playing this short will definitely get you burned.

Prov