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Pacific Sunwear of California Inc. Message Board

  • blue_devil_ninetynine blue_devil_ninetynine Aug 8, 2012 4:29 PM Flag

    Hmm...

    I'm not sure what to make of the downward movement over the last few days. It's not strong enough for me to think that news has leaked. Rather, it seems perhaps that some longs might be taking some money off the table given that we've seen significant price appreciation from the low point, and given the uncertainty that always goes with an earnings release.

    That said, I'm personally planning to hold through earnings and well beyond. The last call was positive, we've had favorable weather, and we've had insider buying. It's a gamble but one I'm willing to take given my longer-term horizon.

    Best of luck to those that chose to sell. It's not entirely a bad decision, particularly if you bought under $2. Interesting weeks ahead for those that remain...

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    • Wrong if they did that, that would add more shares to PSUN which would bring the price further down. This is clearly people dumping stock because they know this stock will implode yet again at earnings just like it did Mid March and Early December 2011. This stock could not clear the 2.30 hurdle and now it has gone on a 20% decline. Looks like 1.50 before earnings and under .50 cents afterwards. How is your 1000 share 2.04 buy Beach Treating you. Buy some more tomorrow for 1.80.

    • You guys are forgetting that golden gate has the rights to buy at 1.75 which is where I would assume the large volume is coming from. Obviously that price is a lot lower than where we are currently which drives the price down. Now that they have executed their options it's a steady climb until earnings.

    • steem@ymail.com steem Aug 8, 2012 4:56 PM Flag

      Agree, good point. Same here holding thru earnings, the bid is 2.04 already according to my broker. No need to panic :)

      • 1 Reply to steem
      • I think it is a correction. When it took off and a new trend (fan) line had to be drawn it went from around a 45 degree uptrend line (good) to a 60+ degree line, to steep. Today it broke through the re-adjusted line and fell short by about 10 -12 cents from the original trend line. It may fall a little more before it resumes the uptrend. Anything is possible but I'm adding.

 
PSUN
2.02-0.08(-3.81%)Jul 25 4:00 PMEDT

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