Does anyone know why this stock is doing so poorly? I've seen it yo-yo but never this low. It seems that all the numbers that PSDI puts out would make this stock increase in value not decrease. Any clue????????
Generally, when a company shows strong fundamentals and the stock declines steadily there is bad news leaking out to the insiders. 16 was touched today - low for the year, when the numbers indicate it should be near the high for the year. The smell test is showing something is wrong!
You guys might be right that something is wrong and the bad news will eventually become public. However, almost every stock getting clobbered these days. I have tons of stocks I follow that have turned things around and are down 80%+ from 52 week highs. Others such as FEET that had a blowout quarter wtih no Asian exposure and are down 50% in the past month. Consider yourselves lucky PSDI hasn't dropped further. I think I once bought it around 12 or so around April 97'
Yes the smell test is in.. Software stocks in general smell bad. Technology moves so fast its tough to stay on top. PSDI is in a bad down trend with little support at the moment, however tomorrow may be a different story. It seems to me that short sellers dont care what they short as long as there is a down trend. If PSDI is doing well there should be a rally, but the past for this stock as been questionable. Sorry I dont have your answer.