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.
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?
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...
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...