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Strategies & Market Trends : PRFM . . . played strictly as a daytrade or short-sell -- Ignore unavailable to you. Want to Upgrade?


To: aroundight who wrote (4)1/31/1999 12:35:00 AM
From: Rande Is  Read Replies (1) | Respond to of 15
 
David, we are in the middle of a tug-of-war on PRFM. The winner will be declared in pre-market trading, IMO. Then we will get hit with extraordinary volume, IMO. 12 million shares would not surprise me.
How you choose to play is of course up to you. Late Friday PRFM was blind-sided by short sellers...some of which actually held short thru the weekend. So early Monday, I expect PRFM to get inundated by daytraders. . . with the mass covering in the pre-market, we could see a substantial gapper. I also expect ridiculous volatility throughout the day and an amazing trading range. Definitely NOT for the faint of heart. . . .or newbies.

Trade safely and best wishes,

Rande Is