This shit is typical in retail. PSUN ought to
jump down that analyst's throat for such stupid
remarks. Teenie Bops don't buy in late Oct early Nov. They
did it all in Sept. By the way, they do it in Dec
too. Hang in guys. I'm Calif. retailer and I know of
what I speak!!!
Hmmm, I'm wondering about the time. Does anyone
have any idea how long untill the bounce back will
take place? Or is it all just a shot in the dark. With
all the great news these past few months I don't
understand the reasons behind the downgrade and the slightly
low performance. Is anyone else perplexed? I wonder
if waiting until March is a better idea, will
history repeat itself? I'm babbling, everyone's insight
welcome, Thank You.
I got caught in the first downgrade about a month
ago and took my medicine. When stocks fall on huge
volume the short sellers come in after the dead cat
bounce and short. So often it takes a looong time to get
back to old highs. I'm here for that dead cat bounce.
Are driving this stock down. ONE broker knocks
this down (outta the nine who cover it on Zack's) and
it drops 7 1/2 points????
Get real. Anyone who
buys in here (around 17) is gonna be a real happy
puppy the next few days...IMO, of course.
Still, "we feel that current trend does not bode
well for the holiday," Grillo cautioned. "We are
choosing to sit on sidelines here until sales trends
Meanwhile, Pacific Sunwear stock tumbled 6 3/16, or 25.4%,
to 18 1/8, on Nasdaq volume of 3.7 million shares.
Average daily volume is 689,700.
- Justin A.
Don't leave us hanging! Your post ended at "...
We are choosing to sit on sidelines here until sales
Until they what? What's the rest? Thanks
so much for the info, it hasn't been available
through Yahoo or my online broker - I still view this as
a total overreaction and took the opportunity to
double down this morning. Look at what happened after
the downgrade last month at almost exactly this same
part of the month. I got in this am at 17.5, only to
watch it go as low as 16.875, but RTQ now shows B 17
7/16, A 17 1/2, so maybe we've seen the worst of
I have a call into PSUN IR, got their voicemail, if
& when they call back I will post
Good luck to all
YES, Your fine. I've noticed that retail stocks
follow retail curves. If you sell short term and wait a
week or so you'll do well. If you can wait a month or
so- even better.
I buy and sell retail stocks
over and over. I hold tech stocks.
Have been in and
out of PSUN about 8 times this year!
Good luck -
don't worry- the price you paid is great. I usually buy
today though ,I doubled at 17 3/4. I'm