SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : PERFUMANIA.COM . . PRFM . . .FOR LONGS ONLY -- Ignore unavailable to you. Want to Upgrade?


To: GalSal who wrote (1330)1/31/1999 6:31:00 PM
From: YosemiteSam  Read Replies (2) | Respond to of 2489
 
GalSal, hope you don't mind a reply from someone beside Mr Is...

A profile is your opportunity to note some things about yourself, which can be viewed by any other interested party here. You may enter that information by selecting the "profile" option on the SI homepage. Some folks put in factual information. Some, like myself, put in nonsensical things related to their "screen" name, and some folks flat out lie, with intent to decieve. Buyer beware...

Regarding your earlier post, on your stock position... I am a relative novice in the stock investing business. I've read some things, and tried some things. So far, I've lost more than I've made, but I am improving. My own opinion is that if you feel very uncomfortable in your current situation, sell into any strength that may occur Monday. More on this in just a bit.

I don't know what sort of broker you use, but on my system with Waterhouse, you can see pre-market activity before 9:30. If you can look at that, or come here, or to the PRFM messages on Yahoo, to see posts with pre-market quotes, you'll get a fair look at the initail direction of things. If the web site opens as scheduled, and the PR machine is in gear along with CNBC, we should see a significant increase in the bid/ask prices. I think we'll see prices at the open up to the 14-15 range, at least, and a good increase as the day progresses.

If you're nervous about your investment, and the stock opens strong, take a profit and relax. I have 10,000 shares. Half I bought below $10, the others I bought Friday, along with you. I see higher prices, and plan to let it roll, though I do plan to sell increments of my shares if PRFM gets into the 20's, or higher. If it goes up only a few bucks, and hangs up there, I'll try to sell most of my holdings, and try to figure out why I miscalculated so badly on where I thought we were going.

I am in this for the short term. Some here consider this a good long term play, and they may be right. Try to determine what type of strategy it is that lets you sleep at night, and good luck!

Yosemite Sam (Tim)



To: GalSal who wrote (1330)1/31/1999 9:38:00 PM
From: GalSal  Read Replies (1) | Respond to of 2489
 
Yosemite Sam, thank you. I appreciate your message. Will do the profile thingy. Where I'm nervous about my PRFM investment is not because of the few bucks I'd win or lose (300 shares) but the fact that I don't know my way around--where to get info, how to interpret it, and am always reacting too late with too little (sign of lack of confidence) on such stocks as PFRM.

I use Datek and Schwab and have had lots of bad luck with both of them. In times of heaving trading, I frequently can't get a sell or buy order off. With Datek, after the hourglass being there forever it seems, it comes back and says order didn't go thru and to try again. Schwab is slow in heavy volume too. One day, two or so weeks ago, I couldn't get thru to Datek for 4 hours and Schwab for 2 1/2. Joe K. said Schwab was embarrassed because they were down for 15 minutes because of new equipment. However, a broker I talked to that day at Sch told me the volume had overloaded their system. You like Waterhouse? They have a ticker? I'll see if I can find the PRFM messages on YHOO site.

I've made some really bad errors. I had a lot of LCOS I'd bought at 52 and it just sat there so when it started to move one day I sold at 60 and it continued up and closed that day at 70 something. Next day went to 100 or so & day after 140. Felt really stupid. Did the same thing with ONSL. Sold at 65 and it went to 100. Also sold NSCP at 24 1/2 just before it ran up after it'd just sat there at 19--20 for a week or more. I take nickles and leave greenbacks on the table.

I'm trying to locate info sources which is why I still continue to place small bets. Need to understand the game better before I place bigger bets, and find a way to exit faster when I've made a bad play. 10,000 shares sounds like you have a handle on it or you'd not have placed such a big bet. Appreciate your time.