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.
Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?


To: MoneyMade who wrote (50159)2/1/1999 8:10:00 PM
From: QuietWon  Read Replies (2) | Respond to of 119973
 
Money: Why PRFM plunged today & likely prospects (a few repeats + own ideas):

1. CEO resigned - overlooked in light of web site launch

2. Stock rose too much, too fast

3. Fragrance market on-line FRAGMENTED - anyone see my post on a partial listing of how many sites out there?

4. So you say PRFM has brand name, BUT, don;t know 'bout you, but when using Yahoo, I started to notice the advertisements - always for fragrance_counter.com <--- this site is owned by ALU ! ALU is the leader ! and i find it hard to beat the leader on day one, in a fragmented market

5. as it did not rise much and hold, became not much movement which caused people to leave b/c: (1) better opportunities elsewhere (2) some panic

6. mid-later in day, on-line brokers doing well - you think i want yo stay in a non-moving stock and miss the gains

7. mid day - some realized there were other fragrance co's - EROXC had news and didn;t move initially this a.m. - i mentioned it very late last night - and got lucky with it having news. Guess what? that news was significant - EROXC's product to be sold on the #1 fragrance site -- ALU !

8. A few persons posted, why buy it on-line if its only a few $ cheaper. As trader's likely you don;t care about it. People go to the store however b/c : (a) price not much different (b) try different colognes/perfumes - u have to know what u want to buy in the web (c) social aspect/the experience of going to the store (d) back to cost, who pays for the shipping??
(e) reason why lower priced items not discounted that much are: 1) lower priced to begin with 2) harder to cover fixed costs on lower priced goods <-- MAYBE SOME ANALYST WILL EVENTUALLY FIGURE THAT ONE OUT

9. as pointed out couple of posts back, how much perfume can you buy?
sure, compare it to a computer, that's only one item. But, there are several accessories and upgrades and software, and ... for computers. And go back to #8 talking about covering fixed costs.
Other conscientious thoughts, feedback welcome

10. what % of perfume sales are bot by men for women? what % bot by women for themselves? a lot of women, especially those in their 20's (and in France - personal experience seeing them and picking one up) like the experience of going to the store - women like to shop

So, any co that closes all it's retail doors for perfume, make up etc is crazy, imo - i-net is part of the retail distribution strategy but not the entire strategy, imo

Again, thoughtful feedback welcome