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Pacific Sunwear of California Inc. Message Board

  • lafashionista lafashionista Aug 25, 1998 10:55 AM Flag

    r.lyons of GAP joins PSUN's board

    news on http://www.clickfashion.com/
    click on NEWS channel, then textile news

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    • Pacific Sunwear at current levels is one of the
      most attractive buys I have found. They've already
      established themselves in California where the clothes they
      sell have been in style for youth for awhile now. And
      I've seen them in malls across the country now, and
      they always seem to be doing well. Californians
      whether we like it or not are ahead of the rest of the
      country in clothing style, at least when in comes to
      youth, and the rest of the country's youth are just
      beginning to wear the surfer/punk look. I know for
      instance, in Louisiana, last year I visited my old home
      town and all my friends little brothers dressed like
      their Californian counterparts. I was only gone for a
      year. Now some parts of the country follow more
      closely, but PSUN still has a lot of market it can grab.
      They seem to have a solid business plan, and they have
      lost almost all of the stock gains of the year. Down
      nearly 9 percent on increasing sales? This compnay seems
      to have a high beta, but Its buying time..

    • Boys don't squabbel. Lets move on to some
      productive strategies & discussions. We would all like to
      buy low & sell high. Some can do it better than
      others, with more shares, call it Vegas or intuition,
      whatever. When is the August report due??

    • Based on your last message, this alias is a poor
      excuse for a lame insult. I could change my name 10
      times and insult you as well, but I won't. Enjoy your
      journey into adulthood. This is a reprint of the letter I
      responded to. You wrote: My method stmills46
      Aug 29
      1998
      8:19PM EDT
      I have learned that most investors are
      stupid sheep. They buy into a stock after it runs up
      because they now have reason to believe in a company.
      They simply follow everyone else. As the trend
      reverses or corrects, they jump ship because they are
      scared. The market is in a panic. I sit on cash and wait
      for corrections, like now. I plan to buy 500 shares
      of PSUN. I put in an order for 150 at 20 and it
      filled. If we see 15 - 17 I will buy 150 more and 12 - 15
      200 more. Buy stock when it is getting hammered for
      NO FREAKIN REASON

    • Who cares how many stocks any body buys. Take a hike and go to a different board to brag.

    • What kind of man brags about how much money he makes on a stock message board..get over it.

    • Stupid Investor? I said I just bought PSUN based
      on it's fundamentals. I also said I've been unlucky
      w/ my investments lately, not panick selling. At
      least I earn enough money to buy my shares in the
      1000's, not 150 at a time.

    • It's good to see a long term investor. I have
      made the mistake of buying and selling PSUN since its
      IPO, and had lost lots of money by not keeping with
      the stock. I recently bought in again, but got kind
      of worried, as it was declining (for other reasons
      than great fundimentals). When I get nervous, I tend
      to go take a first hand visit to the stores to see
      what things look like. (Makes me feel like Gecko in
      the Wallstreet movie). In the last two weekends I
      went to visit their store, this one in Westminster
      Mall in CA. It is incredible how packed the store was
      today (Saturday). Taking a visual survey of people in
      stores, PSUN had tons of kids & young adults buying. What
      was interesting is that a GPS store is two stores
      down, and it was like a ghost town in there. It appears
      the items in GPS are not the same as PSUN. GPS stock
      recently went south, which concerned me at first. So I had
      to go take a look, and found their stuff just
      doesn't attract youth. Kids want cool stuff, and PSUN
      brings them what they are willing to buy.

      From my
      personal observations of the volume of sales going on, I
      am much more calm now, and am positive that sales
      will be great in August/September. Things are going
      well. If you all sell now, you will miss the rebound
      that PSUN is known for. Take it from one that has lost
      lots of money by buying and selling this stock. Don't
      sell!!! Back to school sales are strong, which will bring
      PSUN great earnings. If you don't believe me, go play
      Gecko and visit one of their stores (but be sure to
      ware some elbow pads!!!). Now I can sleep at night!!!

    • I have learned that most investors are stupid
      sheep. They buy into a stock after it runs up because
      they now have reason to believe in a company. They
      simply follow everyone else. As the trend reverses or
      corrects, they jump ship because they are scared. The
      market is in a panic. I sit on cash and wait for
      corrections, like now. I plan to buy 500 shares of PSUN. I put
      in an order for 150 at 20 and it filled. If we see
      15 - 17 I will buy 150 more and 12 - 15 200 more.
      Buy stock when it is getting hammered for NO FREAKIN
      REASON.

    • We could double the circulation. Midas, I'm not.
      However, I still believe this is a hold. (good fundamentals)

    • I've owned PSUN since it was at $10 a share. All
      you short-timers need to reevaluate the way you
      handle your stock. Of course you're going to get burned
      if you buy and sell all the time, you don't have the
      insider information that the high rollers
      have.

      This stock is a steal at $19! Think about their
      customer base. Teenagers with almost 100% expendable
      income that they earn in their part time jobs at
      McDonalds. Even if the economy goes into the toilet, teens
      are still going to spend money on things that enhance
      their image among peers. Basically, they are virtually
      independent of economic cycles.

      Think about their
      competition. There is little to none. They have the Gen X
      niche. I see kids wearing the most ugly and most
      oversized clothes these days. Pacific Sunwear is about the
      only place that has shelves filled with that
      invaluable crud.

      Think about their same store sales.
      Same store sales revenue increases are always in the
      double digits.

      This is a top-notch company with a
      P/E of 22. That's the lowest I've seen in the three
      years I've held the stock.

      If you follow the
      flock and get out of this stock, you will get burned.
      My recommendation is BUY, BUY, BUY!

      When
      high-priced goods such as cars, electronics, computers, start
      losing sales from this market downturn, the big boys on
      Wall Street are going to be looking for growth
      companies. PSUN will fall back into their favor.

      All
      it takes is a couple of double-digit growth results
      in a bearish market to catch their attention.


      Just be patient and keep buying, because PSUN is
      having a fire sale today!

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PSUN
1.980.00(0.00%)Dec 17 4:00 PMEST

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