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Pacific Sunwear of California Inc. Message Board

  • blue_devil_ninetynine blue_devil_ninetynine May 18, 2012 1:30 PM Flag

    Who in their right mind would sell...

    Who in their right mind would sell at this price? They just delivered positive comps and you can bet they're at +3 to +4% through the first two weeks of Q2 for them to issue guidance of -1 to +4. Seriously, just as this was "dead money" for longs over the past year, I think it's going to be "dead money" for shorts over the next six months+. Look at how this stock has historically done between now and November. I think we're poised to retrace that pattern rather than do what happened last year. Just my two cents - I don't know any more than you guys. I just don't understand who's on the sell side of all the shares being traded today.

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0.72-0.04(-5.57%)Aug 28 4:00 PMEDT