PFSW – Update

By: ispeculatornew
Date posted: 12.27.2006 (12:00 am) | Write a Comment  (0 Comments)

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PFSW – PFSweb (Nasdaq) (Closing Price – $1.26)

PFSW has had quite a runup since I recommended it. If you bought at $0.91 you are now sitting on a 35% gain in just over a week. It would be foolish not to take some profit. You should sell some of your shares to lock in some gains.

However, PFSW is still undervalued in my opinion and you should continue holding the majority of your shares. With today’s closing price of $1.26 PFSW still trades only eight cents above book value. I would continue holding for the time being.

If the stock continues to rapidly appreciate however, you should take profit along the way.

 Disclosure: I currently own shares of PFSW.

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