Thanks for the post and your thoughts.
Difficult to know for sure what is going on with this stock, or any stock for that matter. After selling my positions at around $2.80 I have been patiently waiting for a good re-entry point. That time may actually be here now, but I still have concern that the price may drop even more up to and following the earnings report unless the report is VERY good. And I mean stellar. By that I mean it needs to handily beats previously stated guidance.
The Q1 ended Saturday, May 2. On Tuesday May 5, there was huge volume of nearly a million shares traded and the price declined. Coincidence? Difficult to say but definitely puzzling in a negative way. Maybe I look too much into things, but this is my hard earned money after all.
I'm hopeful this company can turn itself around but the reality is it hasn't made a profit in a while. Hiccups (in the form of poor quarters) along the way to profitability cause me great concern.
I would welcome news of any kind from management.
Wow, this has been a "catch a falling knife" situation! It has dropped 15% in less than a week on zero news. I'm tempted to buy more because it feels like a bargain, but the rate of decline is also frightening. The five day chart looks like a kids slide in a park.
I need to step away from the stock and not consider it much until there is quarterly news. Either the price decline is someone in the know dumping ahead of #$%$ news or its manipulation; but why manipulate at this point.
It's got to be hard on insiders seeing this price decline, too. It would be nice if they commented. I don't believe management needs to comment on minor price declines but this has gotten a little ridiculous, quickly. So, they should speak up. If they need to revise downward, they should do it publicly. It seems non-shareholder friendly to idly sit by and not comment.
Good luck, longs.
I sure don't like the recent price declines, but it has been on light volume. Probably crazy, but buying more, today, expecting the company continues on its return to greatness. I don't see any reasons why this stock is priced so low compared to others and its recent few years. Though, because the path isn't clear, I can't confidently recommend it to others, yet.
Good luck, longs.
Trade PSUN and regret it! I am now up 600% because I took the advice of Ultimate Stock Alerts (look them up in Google)
MNGA is pushing hard for 80 RSI where it could trade as high as $1.13. That’s strong gain potential from current valuation and 64 RSI.
Breakout news has just been announced by MNGA. Apparently the company has just landed a major transportation company as a buyer for its revolutionary acetylene replacement
No worries. I completely understand and good luck to you as well. If you are long on this stock and intend to hold for many months no matter what, then I will be honest that most of what I say is irrelevant. I tend to look quarter to quarter and determine whether the investment is worth holding. If the stock and company is underperforming, I get antsy and look for other alternatives to place my money in the meantime.
With PacSun, while I did sell my positions a month ago, I have continued to monitor the stock in anticipation of a good re-entry point. I think the company is doing a lot of things right, and is perhaps just facing a small headwind with a poor upcoming Q1.
Long term, if the company continues to inch towards profitability and eventually get there this stock could easily double from current levels.
Short term, I have concern that the Q1 results may not be so good (based on prior guidance). That's the primary reason I sold a month ago.
I'm looking for a re-entry point closer to $2.
"hold" tight is what I meant to post..."old tight" sounds like either a cheapo, a person with an alcohol problem or whatever...maybe a beer brand
Okay, thanks. I am not fond of how the stock has been trading, but I expect this could be the retail turnaround play of the decade, so I am going to old tight through the year to see what happens.
I found the insider selling information on the Yahoo page here:
At a glance over the past few months, it's filled with all selling and no buying besides the "acquiring" of shares which I assume is due to stock options given to management.
Please post more about the insider selling you mentioned. Where do you see this information in the past recent weeks or lately?
It has been unfortunate (but not totally unexpected) to see this stock decline in recent weeks. The insider selling has been fairly significant lately also, and has all occurred in the the light of a non-stellar earnings report and rather discouraging Q1 guidance issued last month. I would not be shocked to see this stock test sub $2 by the Q1 report in May, or shortly after the report is released unless the upcoming report handily beats previously stated guidance.
In full disclosure, I sold all of my positions a month ago at or around $2.80. I don't currently own any shares but I have been trying to determine a good re-entry point for the past few weeks.
Not many posters on this stock except for the spammers. That's a disappointment. It would be interesting to hear/read other perspectives on the actual topic. Thanks for your posts.
(Also, I do have trouble sometimes, like now, in posting on the site. Sometimes also I have trouble clicking on a thumbs up or down. Anyone else experience the same? Thanks.)