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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Jay Fisk who wrote (11420)2/15/1999 11:44:00 PM
From: Anthony@Pacific  Read Replies (1) | Respond to of 122089
 
Well all the insiders are getting out.,...thats pretty good...Oh Brother!!



To: Jay Fisk who wrote (11420)2/16/1999 2:31:00 AM
From: jlib  Respond to of 122089
 
Re: PRFM insider sales

The one at the end of last week was one of the directors dumping his entire holdings. Well, he's 75 years old and I'm sure he is well aware that he has already seen the top on this stock for his lifetime.

I agree with Anthony that because of the short distance to cents status there is not too much to get excited about from the short standpoint any more especially considering the feasts we have been seeing elsewhere.

But neither is there much danger of upside risk so I have kept my last short position from the bump up on the Microsoft "agreement". The company no longer has any credibility with its press releases and they have minimal positive effect on the stock (1 PR = 1 Point).

The banner ads and links on the portals so much ballyhooed never even showed up (they need to pay in advance first). The company is in extremely precarious financial straits and couldn't even find a qualified candidate to touch the CFO vacancy. And this week they will have lost their last hope of capturing mindshare of momentum players in the stock to ALU (Fragrance Counter) which announces earnings tomorrow and had a rather positive (justifiably so) portrayal on CNBC this last week.

This week is basically the last chance for insiders to dump stock. Most of the hypesters have abandoned ship for the ALU ride with its possibility of an Internet IPO announcement in the near future. I can't even imagine PRFM being able to find an underwriter for an IPO.

Best,
Jimmy Liberato