By 11:30pm today there was buying of about 240,000 shares in the 1.75 to 1.8 cents range. Then all of a sudden a MASSIVE sell order of 1,333 shares went at 1.65 cents ($21 worth of stock and $10 of trade charges)! You can't tell me this wasn't a short sale by a Market Maker/Manipulator to drive the price down. WHO would put in a sell order for $21 of PSUNQ stock at 1.65 cents!!!!! TOTAL MANIPULATION!
Boston - Thanks for the info. I still think this stop will pop. Daily volume has all but dried up. Last two days only 250,000 shares traded each day. Most of the volume was just more Market Maker short selling in the last hour before close. A block of 100,000 shares sold this afternoon at 1.75 cents. No actual person/company that is long this stock would've sold 100,000 shares today. This stock is primed for a massive short squeeze given its extreme illiquidity. Don't give up on this trade now.
12:37 PM (25 minutes ago)
to me, Cacia_Batts, judge_laurie_s.
Yes we have received it and have passed it on to the US Trustee handling
Courtroom Deputy to Judge Laurie Selber Silverstein
U.S. Bankruptcy Court
District of Delaware
From: xxxx x
Cc: Lora_Johnson@deb.uscourts.gov, Cacia_Batts@deb.uscourts.gov
Date: 05/16/2016 12:34 PM
Subject: Re: Scams in Pacific Sunwear of California Inc( PSUN)
orchestrated by company officers....
Hope you have received my email on Pacific Sunwear of California Inc.
On Fri, May 13, 2016 at 3:03 PM, Manoj K wrote:
Respected Judge Ms. Laurie Silverstein,
I would like to request you to look at the scam in Pacific Sunwear of
California Inc( PSUN) orchestrated by company officers.
1. All PSUN officers and insiders sold their shares by pumping stock to
250% between March 31 and April 5th(look at the pump and dump scheme).
Kindly look at the graph.
2. They leaked the news( before making an official PR) on 6th April from
somewhere in India (Reporting by Ramkumar Iyer in Bengaluru)
3. 7th April Pacific Sunwear of California Inc actually released the news
officially. When share price was already down to 4 to 5 cents a share.
Shareholders who bought these 3 days ago were already 700% down. This is
sad to see this in this most developed country criminals gets free ride
on hard earned money from small investors.
I would request you to look into these facts into considerations before
allowing PSUN mgmt to get away and get a free ride. Should shareholders
who suffered because of this be compensated?
I am among one of these unfortunate shareholder who has suffered a big
loss because of this criminal activity.
Every day lately it seems, a small volume of shares are sold near the close at the price low for the day. Who, WHO, I ask you is in a rush to sell their shares at less than 2 cents?!?!?!? Nobody! Total price manipulation here. Total B/S.
I'm loaded up at 2.1 cents. I agree that a reversal is long over due here. Daily volume last week or so is anemic. Prices have declined with sell/buy orders of only 1 share! Total price manipulation on PSUNQ right now IMO. I think this stock is way undervalued...even for a Q stock.
They are trying to take companies down via bankruptcy. Golden Gate and Sycamore are spawn of Bain capital private equity. Private equity is just another name for corporate raiding.
My comment is who the hall are you? #$%$ off!
Are you a crack head? The company is going private and all shares will be cancelled. If you are "long" you are too stupid to be allowed in the market.
Boston - I strongly believe that the Q's are the ONLY way to make a ton of money quickly these days. I really like SUNEQ at less than 10 cents. I like AROP after it files for Chapter 11 and adds Q to its ticker symbol. I think we can make a ton in PSUNQ and then maybe do a repeat on AROPQ. BTW, my tech analysis tells me that SUNEQ goes to 8.8 cents and has the potential to go as high as $1.96, which is the axis of a triangle/pennant formation that formed in Q1 of this year. Just FYI.
I'm in huge too. I really feel like this stock will move to 200 DMA. I like it to spike b/w 22 cents and 30 cents. I don't think you'll have to sell for a loss.
I just cannot be so wrong about "Q"s, I am a guru in "Q"s but then PSUN is frustrating me, this should have picked the momentum of crossing 30 cents within a month. Sell cheap shares and move on FOLKS, I totally blame to existing shareholders. I will not post anything about PSUNQ until this touches 4 cents( double from here).
I totally agree, problem is that there is not much discussion about this, some people are just making quick 200-400 dollars. I am long. I bought 200K shares bought at .13, I sold some and averaged it down @.09, I am still 75% down and I will not sell it for loss. I may hold it for 6 months and sell it for a dollar. Not dreaming, I have played few "Q" before and I am confident this 75 float will show its miracle. I have been saying all shareholders not to sell it so cheap or for a big loss. HOLD it with me.
Sentiment: Strong Buy
Great job Boston. I think the float is 70 million shares. My conservative guess is that 95% of the share owners have NOT been selling at 2 cents and have no intention of doing so. If all long side investors put in sell orders for their shares, this stock would open at $1.00 and sky rocket from there!
I like it around 25.8 cents as a sell. It fell nearly 41 cents from its intra-day high of 42.5 cents recently. I think that it will retrace more than 50% of this move and maybe as high as a 61.8% retracement which would be almost 27 cents. Regardless I think it will spike to close to its 200 day moving average. What do other longs think?
Sentiment: Strong Buy
I have put my sell orders between .22 to .28, if it get sold I am 60% up, also it prevents shorts to touch my shares from manipulations. Good luck everyone .
Longs need to put in sell orders at reasonable prices such as 23 cents (or higher) ASAP. This will prevent the manipulators from shorting this stock using their shares.