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


To: YosemiteSam who wrote (1631)2/1/1999 2:00:00 PM
From: Sean Rieber  Respond to of 2489
 
I sincerely feel that this stock will be pushed back to 10. People say that the company lost money last year and should not be over where it was a month ago. What kind of people are you? Amazon.com has yet to make a nickel yet it hit $400/share. People buy internet stocks based on their future value, not current value. It is a totally different market. Perfumania is in a good market and is the leader. And it has 290 stores on top of that. Launching a website makes it easily worth 10-12. The shorts will cover and we will go back up. Anyone who buys in now will do well. I won't lie, I put an order to sell everything I had at 25. I figured if they timed the PR correctly then it would shoot up. I would have then unquestionably shorted the stock and covered at 15. The fact is they screwed up and released the PR too late. It should have been Friday after the bell to give people the weekend to read up on it and CNBC would have mentioned it sending us to the moon. Oh well, it happens. The fact is this stock is worth more than seven dollars a share. The shorters are greedy and will push it to 5 or 6. Then it will go back up. I could care less because I am in at 3 and change.



To: YosemiteSam who wrote (1631)2/1/1999 2:01:00 PM
From: GalSal  Respond to of 2489
 
I got out. Bought 200 more at 7 3/16 and sold 500 @8 5/8. Too stressful for me. Bought 100 Dell when it was up 2 1/2 and sold when had gone up 6 1/4. Drat! Now it is up 8 1/2. See what I mean? I sell the good too soon and stay with the bad to long. Also got out of EGGS and I sure am also going to get out of SKYM, MALL and ITEC. Think I'll just go back to buying and selling DELL, INTC, AOL, & CSCO. When they go down, no problem, just wait a few days and they're back up on top. I sold CSCO at 104 1/2 on the 27th. Sure wish I'd kept it. Think I'll stick to those I've had better luck with. Hope you do ok.