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Pacific Sunwear of California Inc. Message Board

  • tonylimore tonylimore Aug 22, 2012 6:38 PM Flag

    No new borrowing, more cash, positive cash flow

    Very good sign, very good improvement in the 2Q.

    18M positive cash flow instead of negative, 35m cash on hand instead of 21M and no need to borrow any new money ..... I see its share price will fly to $5/share before 3rd Q finished.

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    • Yea it's going to go up 150%!! It can't even hold 2.30 AH'S with low volume, should of gotten past 2.50 already. Shorts will take this below 2 tomorrow am still. DOWNGRADES Coming!!

      • 2 Replies to pmemd
      • PMS, call all your buddies to short it now. We need your kind now more then ever.....we need you PMS

      • With all due respect, pmemd you are completely out of your mind. There is zero chance of downgrades, and a pretty good chance of upgrades. The stock price could well dip back close to $2 in the near term as there is profit taking from those that got in in the $1 to $1.50 range and who don't have long term appetite. However, over the next few weeks, I think we will see value investors and bargain investors buying into PSUN. They're showing signs that they've turned the corner and are headed back up, and if they're perceived to be on the road to recovery, the stock is at an extremely low revenue multiple.

        IMHO, your best bet is to cover on the profit-taking dip in the next week or so. It would be insane not to do that. But it's your money! JMHO......

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