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Pacific Sunwear of California Inc. Message Board

  • anopinion anopinion Nov 25, 1998 9:53 AM Flag

    NOW WHAT???

    look slike it doesnt want to go below 16 5/8...someone is holding this thing up...i hope!

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    • Deto, you are correct, PSUN was overdone on the
      downside, falling to the low 16's from 24 1/2 the day
      before. A $ .02 cut in earnings projection and we get a
      1/3 drop in the stock. It's stupid and you are
      correct, people sold indiscrimantly not thinking at all,
      just selling and asking questions later. Panic always
      causes an equal opportunity for others. At 16 7/16 close
      on Friday, PSUN is still a screaming bargain at only
      12.7 X next year's projected earnings.

      You
      said you bought CREAF and it's now back to where you
      paid. You should then know TDFX which was also killed
      by an analyst, from Robertson Stephens. TDFX fell
      from 21 to 8. On the kill, I bought in at 10 1/4, held
      it for 40 days and sold it at 16 1/2, not bad for 30
      days. TDFX is a supplier to CREAF and CREAF is the
      largest shareholder of TDFX. I'm not pitching either of
      those two stocks on this post, I'm only making a
      comment that the Alex Brown analyst who downgraded PSUN
      gave us all an opportuntity to own or own more of PSUN
      at bargain basement prices. Let's not pray for this
      analyst to be shot. Let's pray more analysts do the same
      with other stocks that would provide us with a
      similiar opportunity. If all holds true and we have deju
      vu here, we too will see 40 to 50 % gains on PSUN
      and probably before Xmas.

      I visited a PSUN
      retail location today and the store was jammed. True is
      was jammed with teens, but they had bucks and were
      spending in a big way. I asked my neice who was shopping
      on Black Friday, to visit the PSUN location in the
      mall she was going to. She did and came back with the
      same comment, the store was packed.

      Here's to
      you. Best of luck with PSUN to you and all longs. I
      think we are all going to be happy campers with the
      price of our PSUN shares soon.

      Pickle 007

    • Deto, you are correct, PSUN was overdone on the
      downside, falling to the low 16's from 24 1/2 the day
      before. A $ .02 cut in earnings projection and we get a
      1/3 drop in the stock. It's stupid and you are
      correct, people sold indiscrimantly not thinking at all,
      just selling and asking questions later. Panic always
      causes an equal opportunity for others. At 16 7/16 close
      on Friday, PSUN is still a screaming bargain at only
      12.7 X next year's projected earnings.

      You
      said you bought CREAF and it's now back to where you
      paid. You should then know TDFX which was also killed
      by an analyst, from Robertson Stephens. TDFX fell
      from 21 to 8. On the kill, I bought in at 10 1/4, held
      it for 40 days and sold it at 16 1/2, not bad for 30
      days. TDFX is a supplier to CREAF and CREAF is the
      largest shareholder of TDFX. I'm not pitching either of
      those two stocks on this post, I'm only making a
      comment that the Alex Brown analyst who downgraded PSUN
      gave us all an opportuntity to own or own more of PSUN
      at bargain basement prices. Let's not pray for this
      analyst to be shot. Let's pray more analysts do the same
      with other stocks that would provide us with a
      similiar opportunity. If all holds true and we have deju
      vu here, we too will see 40 to 50 % gains on PSUN
      and probably before Xmas.

      I visited a PSUN
      retail location today and the store was jammed. True is
      was jammed with teens, but they had bucks and were
      spending in a big way. I asked my neice who was shopping
      on Black Friday, to visit the PSUN location in the
      mall she was going to. She did and came back with the
      same comment, the store was packed.

      Here's to
      you. Best of luck with PSUN to you and all longs. I
      think we ae all going to be happy campers with the
      price of our PSUN shares soon.

      Pickle 007

    • It was at Hanes Mall in Winston Salem NC,
      so between Myself and "detomaso1" we have the country covered coast to coast!!!

    • eom

    • Since i invest in high growth retailers such as
      Buckle and Steven Madden, i monitor others such as PSUN.
      Obviously, this presents a buying opportunity. This is the
      2nd time in 2 weeks i have bought after Alex Brown
      downgrade. If you know the fundamentals and keep some powder
      dry, it doesn't take much to make 30% in a few months.
      The key is to sell when it makes a move and look for
      another stock that is undervalued. Leave a few chips on
      the table, and avoid a big hit.

    • Don't sleep on me Whiteout. I need reasoning to stay in this stock!!!!!

    • Whiteout: Xmas lights are up & shining, hopefully
      like PSUN will be in the future. Thanks for the
      responce. Maybe the majority of investors are different
      today compared to years ago, listening more to analysts
      opinions rather than relying on fundementals & earnings.
      If the majority listen to analysts, maybe we should
      all do the same, because no matter how we like or
      dislike it, stock price seems to be greatly influenced by
      their opinions. If you don't move on their
      recommendations quickly, you loose half your $. If fundementals
      and earnings mean squat today, maybe it is better to
      play the internet stocks, and follow the momentum of
      everyone else.

      eac7560: For what ever it is worth,
      I also visited a store this weekend in Orange
      County CA, and it was packed.

    • I was filling my car with gas at the price of
      $.82 per gallon in Prince William County, VA. Given
      the pervasive reach and critical role of energy/gas
      prices in our economy, this just spells great news for
      consumer psychology and the Christmas buying season. I
      wonder what everyone will do with the bucks they are
      saving on gas? No doubt spend it at PSUN. This is going
      to be a great christmas shopping season, and I look
      forward to continued momentum in PSUN's business. Sooner
      or later the market will figure it out. Take
      advantage of the firesale prices on gas and PSUN. You won't
      be sorry.

    • Mall was full. PSUN was full. Practically standing room only.

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