PARL - This is just goofy

[spikefader]

...a certain degree of "fuzzy logic" may be beneficial, but beyond a certain point it becomes detrimental. There is a point of diminishing returns....

Rob, just so you know, I'm not applying fuzzy logic to channel theory; never have.
I'm not sure what you mean by "at a certain point becomes detrimental". One can debate the worth of one kind of logic over another til the sun goes down, but logic is logic, and fuzzy logic is an accepted, very valid, and much used logic in our world. Google for the term and you'll soon find examples of how it's used to make our lives safer, more comfortable, more efficient, and I argue more profitable. I'd be very surprised if I'm the only one in the world applying it to find profitable trading systems.

I questioned the placement of the upper channel line on the PARL chart because you were using it to say that the upper channel was near $29. I still see $29 as significantly above the channel back to February. That is not to say the price will not attain $29, but that in so doing it will have busted out of that channel.

Yes, Rob, it's something like 3% short of 29.00, so perhaps I should have worded it as such, so sorry for the confusion. But make sure you don't miss the point about why the channel is so different to yours; it's a math formula that works it out, not my creative fuzzy line-drawing, right??

And yes, your point on "bust" may be valid. But consider this: for the "channel bust" scenario, one must consider the possibility of a simple channel expansion that gets sold. Yes, strictly speaking the channel price has been broken if it pops to there, but price may act in such a way that it simply expands the channel and then sells hard; which makes it not so much a channl bust as a channel expansion.

Thanks for the thought provoking discussion.

[New-born baby]

PARL will continue to fall

Did you note the action today? CEO says he'll buy the company at $29 per share. It opens at $21.76 and closes at $21.53--a nice black candle on 5.1 million shares--that's 10 times the normal volume. Forget it. She's headed South as soon as tomorrow. From what I can see, the shorts covered, and it must have been the CEO selling shares to them.

[DSteckler]

Did you note the action today? CEO says he'll buy the company at $29 per share. It opens at $21.76 and closes at $21.53--a nice black candle on 5.1 million shares--that's 10 times the normal volume. Forget it. She's headed South as soon as tomorrow. From what I can see, the shorts covered, and it must have been the CEO selling shares to them.

Can you say...Fraud?

[New-born baby]

News Flash

Parl Down 38 Cents At The Open.
Look Out For Falling Prices.
New Shares Available For Shorting.

[Lyehopper]

Can you say...Fraud?

Paris Hilton just emailed and assured me everything's on the "up & up"....

[mimo_100]

Did you note the action today? CEO says he'll buy the company at $29 per share. It opens at $21.76 and closes at $21.53--a nice black candle on 5.1 million shares--that's 10 times the normal volume. Forget it. She's headed South as soon as tomorrow. From what I can see, the shorts covered, and it must have been the CEO selling shares to them.

This is not possible UNLESS the CEO had previously registered to sell.

A broker, for example Ameritrade, could not just call the CEO and say
"how about selling me a million shares".

I posted a year ago about naked shorting. I am assuming that there are millions of shares borrowed, otherwise the whole system stinks.

[Rob]

Paris Hilton

Paris Hilton just emailed and assured me everything's on the "up & up"....

How many shares of PARL does she own?

[Lyehopper]

How many shares of PARL does she own?

None.... But she thinks Illia's son is "hot"....

[New-born baby]

Mildred won't have it

Parl Down 38 Cents At The Open.
Look Out For Falling Prices.
New Shares Available For Shorting.

What'd I tell ya, Loretta? Down $1.32. Yeah, even Mildred wasn't impressed with Paris. . . .

[Lyehopper]

What'd I tell ya, Loretta? Down $1.32. Yeah, even Mildred wasn't impressed with Paris. . . .

LOL! Yep.... NBB's right again!jejeje

Edit: Now watch it gap up $10 in the morning....SsSsSsSsssssss!

[Lyehopper]

An decent post from PARL (Yahoo) message board

Why I bought this stock
by: aespy2001
Long-Term Sentiment: Buy 06/15/06 07:47 pm
Msg: 31218 of 31292
I will expound some more on the comments I made about going long on the stock in #31201.

I don't remember seeing a stock with 60% of the float short. That percentage is unbelievable to me even for a small cap. The pro shorters are smart and fraternal so to see them all piled in here does raise a red flag. They are likely on to something which is apparently not yet public.

Small caps , because of their small floats and limited institutional holdings, make convenient prey for the pro shorts. These pro shorts have their contacts in the media, their contacts with certain small research houses, etc. They can stir up a mess of crap in a short time.

Naked shorting is the one big sin wall street doesn't want to talk about. Thus far the SEC and US govt have given them a pass on it but the game is far from over. In a nutshell, it involves the big houses and the DTC (owned by the big houses) allowing more shares to be shorted than actually are available to short. Ton of stuff on the internet about it if anyone is interested. The pro shorts could literally short a small cap right into a death spiral. My guess is it is still going on. About the only way to stop them is to take the company private. There have been a number of lawsuits on it but noone has gotten very far against the system through the courts yet. I know firsthand having litigated one of the cases.

So Lekach says I can kill two birds with one stone. I can crush these freakin shorts and obtain a profitable company at a very fair price. So he bids 29 bucks.

I got into this thing yesterday around $21..so I am in the red on it right now. Why would I not pay $21 bucks for something the CEO was willing to pay , and is willing to pay, 29 bucks for now. After all, who would know more about the company than him? If it is worth 29 to him, it is worth 21 to me all other things being equal.

I actually like the SOX issues. If there is something to hide from regulators (which is probly what attracted the shorts in the first place) then i gotta think Lekach has some real motivation to get the deal done.

200 million is not a lot of dough for a company like this. Would think some venture cap guys would jump all over it. Hell they can always bring it back public in a few years, with bigger numbers and a better market, and make a killing on the ipo.

However, the street is not buying it and the street does not turn away from free money. That worries me as it should all longs. I see this action on the street's part as a referendum on Lekach's credibility. Unfortunately he tried this once before and didn't get very far. The boys who could have torched the shorts the last two days are saying "SHOW ME!"

I am concerned that Lekack didn't have the financing arranged beforehand. Certainly given his history, he should have forseen the big boys were gonna want to see proof this time. Therein lies the rub and where we longs stand a chance to lose on this "lay-up." However, even if the deal falls through it is hard to see the stock falling to much farthur unless Lekach has some enron type problems in the closet.

Just my two cents fwiw.

[DSteckler]

<< I don't remember seeing a stock with 60% of the float short. >>

There are five stocks with a higher percentage of float short: WBMD, UAG, TAM, CMG

[DSteckler]

<< I don't remember seeing a stock with 60% of the float short. >>

There are five stocks with a higher percentage of float short: WBMD, UAG, TAM, CMG and ESCL.

[stenzrob]

Hey Stenz.... If Illia wanted to buy up PARL when it was $3 and then it moved up 1,000%.... Then maybe it'll move another 1,000% from this offer.LOL! Whatever happens, the fact remains that I love watching this company and it's stock. Better than watching "As the World Turns"....

I'd settle for just a few hundred % from here, lye. 2:1 split effective this morning. Of course, this changes nothing, and accomplishes nothing, IMHO, other than that some investment bankers get a healthy fee. I can understand somebody like HANS splitting to get back below $100. But really, what is the point of splitting to adjust price per share from the $20 range to the $10 range? This is just silly, pointless, and benefits nobody. Kind of like my stock trading hobby.

[New-born baby]

You forgot one thing

I'd settle for just a few hundred % from here, lye. 2:1 split effective this morning. Of course, this changes nothing, and accomplishes nothing, IMHO, other than that some investment bankers get a healthy fee. I can understand somebody like HANS splitting to get back below $100. But really, what is the point of splitting to adjust price per share from the $20 range to the $10 range? This is just silly, pointless, and benefits nobody. Kind of like my stock trading hobby.

Yes, there is one benefit: it doubles the number of shares for shorting PARL