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Perficient Inc. Message Board

  • MCROC43 MCROC43 Dec 14, 2007 11:05 AM Flag

    Prft Tested and Held

    I like the way the stock tested $15.90 and bounced back two times now. I'm feeling good that we may put in a bottom.

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    • Here is my post of Aug 21.

      {Re: what's going on with the heavy volume? 21-Aug-07 09:10 pm
      I'm a broker,get DJ newswire. Day after S&P 600 announcement (Index funds have to buy, thus heavy up volume) PRFT put out news they accounted wrong for acquisitions. Article headline: "Perficient says past financial statement unreliable." It said P&L, Balance Sheet not affected. Only a reporting problem. This was not on Yahoo or company web site. I don't know why I waited 2 days, but sold at $21.73. (Making $35,000 profit.) Stock now higher. Maybe I'm wrong, but "financial statement unreliable" made me sell.}

      When a stock breaks down it usually takes a year at least to turn around. Sometimes longer. Sometimes never. See PRFT chart starting March 2005. PRFT great company, but my experience is: The most money I ever lost is when I bought the same stock a second time. You buy or sell based on past prices. You are not objective now. Do yourself a favor. Find a new stock. Start fresh.

    • the stock didn't test anything -- there was no volume whatsoever. This was merely market maker play.

21.26-0.06(-0.28%)Apr 28 4:00 PMEDT