The people who are short might want to look at companies like Abercrombie as examples of what can happen when a company knows it is going to miss its guidance in advance of earnings that are several weeks away.
From Abercrombie's May 16 Earnings Release:
"The Company will report second quarter sales and earnings results on Wednesday, August 15, 2012."
PacSun hasn't warned us of anything since the quarter ended. Presumably if they had something material to warn about, they would know by now. In fairness to any actual real short on this board, of which I've seen none, they haven't reiterated or raised guidance either.
By the way you keep saying to look at March. They met guidance when they reported in March. They gave that guidance in December and reiterated it in January.
So it would seem more likely the Street did not like the furthe guidance the company issued in March. And this guidance was given for a quarter that is traditionally weak among retailers. This time if they choose to give guidance they can do so for back to school .
So, Thomson Reuters, Standard and Poor’s, Smart Consensus, Market edges second opinion, Barchart.com and American bulls all say PSUN is a buy and the uptrend should continue. The TA is bullish but a 29 year old Portland Oregon rookie says to sell. Hmm, wonder who is right? You’re an idiot dude.