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Pacific Sunwear of California Inc. Message Board

  • steem@ymail.com steem Oct 5, 2012 9:51 AM Flag

    Thoughts?

    Thoughts guys, what is happening here? I think shorts are trying to scare people off and shake some weak hands that got in @ 2.50 levels after double bottom signal and there's some selling but not huge if we look at the shares trade? Also it is easy to short a stock when volume is low - correct?

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    • I think some shorts got roped in by Wall Street 24/7 republishing their 10 brands set to disappear in 2013 piece. I don't know if the article was updated, but it showed up as "news" in my brokerage account. I bumped up my post from the last time that piece was released - indicating Wall Street 24/7 had a zero for ten accuracy record for brands set to disappear in 2011. Many of the so call disappearing brands for that year are trading at highs.

    • I think there isn't much volume on either side right now so we may well be seeing a bit of manipulation (/shaking the tree) as you state, but I continue to believe that PSUN will rise strongly before the next earnings release. I've held this stock for over a year and I plan to continue to hold as we go much higher (hopefully).