To: TheLineMan who wrote (1188 ) 1/30/1999 3:52:00 PM From: Rande Is Read Replies (3) | Respond to of 2489
MANY SHORTS HAVE NOW TURNED . .May the force be with you . . Many of those that sold Friday will be buying back Monday and nearly all of those that shorted Friday will run to cover Monday EARLY. . .Together with the tiny float of PRFM and the surprise news articles and press releases Monday morning . . AND the potential CNBC coverage of the big launch. . .I see us breaking thru last weeks highs in a matter of minutes and breaking into totally new high territory. And with that in mind, the short-sellers really did us a favor, because now they are on OUR side. . .BUYING PRFM. Even if they HOLD short, it won't matter to the stock price on Monday. Imagine for a moment...you are holding short, then Joe Kernan starts saying: "PerFUUUUm. . .mmMMMMAAAANiaaahhhh" about every half hour. And with each mention the stock runs up on HEAVY daytrading, not just the daytraders IRC, but the countless daytrading rooms around the world where they BUY on internet news. . .NOT sell. These short-sellers will quickly realize how suicidal it would be to play short on a day like this. . .and they don't need a LEADER to tell them. In fact, the lead shorters already covered on Friday and the SMART ones will cover on Instanet while they still have a profit left. You will soon realize what some shorts that were posting here early this morning and last night realized. . . .that certain short leaders grossly underestimated the expensive promotion planned for the release of America's LEADING fragrance retailer and worldwide distributor. 290 stores and many more opening this year as they continue expansion worldwide. Soon they will have a new CFO and not just a family member. . . I see THIS announcement to be included by the possibly DAILY PR that KCSA has worked so hard to prepare. But now that their is no one left to hold your hand, you must make up your OWN mind come Monday morning. When you see the shear volume of trades that occur in the pre-market...and you see more than just your small profit vanishing, but the equity you worked so hard to achieve. Really the only OUT I see for you is INSTANET. Only traders with INSTANET capability will be ABLE to get out with a profit when the flood gates of daytraders BUYING on INSTANET start bidding up the price. And that is why the shorts have long sinced stopped wasting their time posting here, and have retreated to call their brokers to find out if they have INSTANET capability. Frankly, I feel sorry for the "blind sheep" that followed the Anonymous Posters that called themselves LEADERS of the shorts. They placed their trust beyond their own common sense, believing that "everyone" was holding short thru the weekend. What a terrible lie. If they don't have INSTANET and even if they do. . .their equity balances will quickly dip below their margin limits causing automatic margin calls and tying up their trading accounts until they wire in more funding. Did you ever wonder why so many here on SI get ill when you bring up BAMM? It is because countless shorters lost their shorts trying to call the top or short BAMM, because it was a "penny stock". Look at the charts. Late November BAMM was UNDER 3 [where I introduced it to SI]. Then the CNBC factor hit, Joe Kernan loved it....and in a SINGLE DAY it ran up beyond 40 dollars per share. A one-hundred thousand dollar margin account quickly became 7,000 dollars with a 60,000 dollar margin call on BAMM. And that is precisely the explosive situation we have with PRFM. BAMM's float was about 7-8 million or so. And PRFM's float is just a fraction of what BAMM's is. Add the CNBC factor and . . well . . There will be some real sweaty palms come Monday morning as the shorts ask forgiveness for ever turning to the dark side. The swing methods we use on the HOME thread are infinitely more effective and yield FAR more profits than these shorts can imagine. Most of us, bought PRFM under 3 and traded it up and down getting back our original investment WEEKS ago, which we have already doubled by wisely placing it in OTHER stocks. The money we play with here on PRFM is entirely HOUSE money....so where is our risk? Yeah, there will be more than a mass exodus from short positions come Monday morning. . .there will be a mass turning from the dark side, as these misled traders snap to their senses and get a sharp dose of reality. I have already heard from many that are scared and just want OUT of their short positions. But it is too late for that. The pre-market trading will be the battlefield for this war. I only have one word for everyone here, whether long or short. . . . . . . . . INSTANET . . . . . . . . Rande Is