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Pacific Sunwear of California Inc. Message Board

  • blue_devil_ninetynine blue_devil_ninetynine Sep 21, 2012 5:30 PM Flag

    Heavy volume today...

    Those were some large buys that went through today. Not a handful of small retail investors causing that move in my opinion. Over 1.1M shares traded and most of that volume was linked to the price jumps over the course of the day. I'm actually surprised that someone could buy that volume without impacting the price even more, given how thinly traded this stock is, but perhaps others have more insight on this than I do. In any case, someone placed a very large bet on PSUN today, which is very promising given the run-up we've already had. I'm betting we'll see a follow-through on this, and PSUN will continue to rise next week, even though we're months away from an earnings release. Let's see...

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