Pacific Sunwear of California Inc. Message Board
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Place your bets...
I say we go up tomorrow (Friday), and make a strong move next week (i.e. we'll be up from the end of this week to the end of next week). Note that I called bottom at $1.52 and PSUN is now sitting at $1.48, so my predictive abilities aren't exactly stellar, but I'll put this prediction out there just for fun.
On a tangentially related note, did anyone else notice the 100 share sale in after-hours at $1.28? Who would trade 100 shares at such a low price? It makes no sense. Is it a signal? What kind of signal, and why would such a signal be required?
Ok, I'm done trying to read these tea leaves. We'll just see what happens.....-
100 shares in a $128 trade is not tea leaves! I would call it the reason that people who don't know what they're doing should not trade after hours, when there is a huge bid-ask spread, and in this case no news.
- 1 Reply to gwconcord
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I think you're missing my point gwconcord. I don't think anyone is stupid enough to trade 100 shares of PSUN after-hours given the bid-ask spread. Think about it, 100 shares is worth ~$150. That trade by itself doesn't make sense even during trading hours, because a normal trading commission would be 5-10% of the trade amount. So the trade doesn't make sense as a standalone during trading hours, and it CERTAINLY doesn't make any sense in after hours. It's beyond stupid for a human trader, and also for an automated trade. So where do such trades come from?
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This prediction turned out reasonably well. PSUN was flat on Nov 16, but then went up 12.8% from Friday Nov 16 to Friday Nov 23rd.
Emboldened, I now put out my predictions for the next 3+ months:
- PSUN will hit $1.75 before the end of December 2012 (not saying exactly where it will be on Dec 31, just saying it'll hit $1.75 before the end of the month).
- PSUN will hit $2+ in the month of January.
- PSUN will hit $2.50+ in the month of February.
- PSUN will hit $2.70+ before its next earnings release. The exact peak is obviously even harder to predict, but my guess would be $2.90.
- PSUN will go higher in Nov 2013 than it will in March.
Disclaimer: I don't claim to have any insider information, so your guess is as good as mine. Let's see what happens...- 3 Replies to blue_devil_ninetynine
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Prediction #1 failed given the "end of December" deadline, but we are at $1.75+ just three trading days later. Now let's see how prediction #2 pans out...
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Only a few days left before my first prediction is proved wrong. I think the closest we got to $1.75 was nine cents. I guess there's still a few trading days left in the month, but it's looking unlikely at this point.
Anyway, happy holidays to everyone, and I hope 2013 turns out to be a great year for PSUN longs. -
Well since we're playing the guessing game... here are mine for the next 3 months starting with the actual bottom 1.46 on Nov 16th....
Bottom @ 1.46 on Nov. 16
Top @ 1.92 (actual 1.96)
Bottom @ 1.58 (actual 1.52)
Top @ 2.02
Bottom @ 1.73
Top @ 2.23
Bottom @ 1.81
Top @ 2.37
Bottom @ 2.15
Top @ 2.58
Bottom @ 2.16
Top @ 2.87
Of course if PSUN decides to take a sh, and break 1.46 low...then none of this is valid IMO and we may not go Bull after all. Good Luck...Sentiment: Buy
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Insiders are buying...time to get on board or get lost out!
- 1 Reply to mj.lee2000
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What makes u say that? The only transactions I see are for tax purposes.
Sentiment: Hold
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