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Pacific Sunwear of California Inc. Message Board

  • blue_devil_ninetynine blue_devil_ninetynine Sep 13, 2012 10:27 AM Flag

    Looks like $2.20 is the new floor

    We bounced off of the $2.20 line several times yesterday, and today's action (so far) seems to confirm that $2.20 may be the near-term floor. Barring any external / broader market driven downward pressure, I'm expecting this to perhaps take a breather for a couple of weeks and then start an upward climb headed into the next earnings release. This stock certainly has downside, but the upside is massive if they're able to return to profitability, and we've seen signs of that in the past couple of quarters so we should see speculative value investors returning to the stock over the next couple of months.

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    • I'm jumping out and reassessing after earnings. I've made a ton but retail is taking a hit right now. I think the next quarter is not going to look pretty and the it goes up early next year. Just being honest here. Could be wrong but I need to protect profits at this point.

      Sentiment: Hold

      • 1 Reply to long06beach
      • steem@ymail.com steem Sep 13, 2012 11:31 AM Flag

        yep it's a bounce back to 2.20s but I'm confident and holding into next earnings. Inside buys were for a reason and Gary will hold it or bring this baby up JMO.

        Can't judge your move Longbeach you've always had valid points and made good decision on PacSun as from what I have seen in hte past, good job and good luck!

        Buy/Hold

        Sentiment: Hold

 
PSUN
2.02-0.03(-1.46%)Sep 12 4:00 PMEDT

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