Pacific Sunwear of California Inc. Message Board

I have no reason to enter into your childish games over whatever nonsense you can dream up. You even admit it - you want single digits to buy just as I said yesterday. You see, I know you very, very well.

I have provided hard facts regarding earnings and valuation. The market will come around. In the mean time, I have better things to do with my time - I've proven I know exactly what you're up to, what you're thinking, and exactly what you want to do.

Again, thanks for confirming every last bit of it.

Shall I retrieve your post which said you are holding a block of shares for long-term and trading with another block?

You will be proven wrong in the near-term. The stock will move up to the $15-$20 range this year, and then there will be a whole new set of old timers who lost money here posting stories like you and Cranberryboy Jr.

You should begin thinking about how you will explain it when the shares are trading in the $15 to $20 range this year.

You were buying the shares after heavy dilution and 2 reverse splits.

Yes, keep concocting the story on the fly. You were a pumper, but you saw the light and now are warning everyone - don't be stupid like you were.

Again, when the stock moves above $11.50 and you are proven wrong will you move along, or still be posting about your theories?

I'm not mad at all - I've more than doubled my money since November, sold when my gains were well over 100% with the stock in the $13's and am now re-accumulating shares being stupidly thrown away by folks like yourself at this level. I think that's smart.

Smart money didn't get it wrong - they were wanting the retail investor to sell in May so it would give them an opportunity to pick up cheap shares.

Now we are beginning to see, and will continue to see for the next month or two a rotation by smart money from stocks that are overvalued (which retail investors are just moving into now - incorrectly) to those which are still undervalued and not as overvalued.

NTWK is going to be a big beneficiary of these actions because you have the dumb retail folks like jk1401, kscott, cattone and the like selling and playing right into the hands of the smart money - who is accumulating shares at this level. They are just too stupid to see it. In a month or two when it's made obvious after the fact, no doubt they will attempt to concoct some other stories as how they were and are still right even when the share price is significantly higher than where they sold.

Tell us more:

kscott462 • Feb 21, 2013 10:14 PM

hold on tight to your shares, this rocket is going to soar this year

Sentiment: Strong Buy

" i sold between 11.25 & 11.47 so i have been spot on thinking the stock was heading lower."

Too funny. You were spot on for a period of 1 week. Will you disappear once the stock is back at $12 and higher? Even though at that point you will be wrong?

"i am letting all naive people know what happened to me so they can see with open eyes how this company operates."

Of course - and everyone here is so grateful for you doing that continually and incessantly for no reason than out of the goodness of your heart. My name for you going forward is Cranberryboy Jr.

"i always follow stocks after i sell to confirm that my analysis was correct."

Ok - so when the stock moves higher back above $11.50 and you are proven wrong, then what? Keep posting to prove you were really right even though the stock is higher and moving even higher?

You are nothing more than Cranberryboy Jr. - identical posts, proven wrong and will not show his face here again.

That's interesting - because just as I mentioned that you purchased shares at $11.65 and you said that doesn't matter because it was in the past and you already sold, you are clinging to past actions when neither you or me owned any shares. So my response to you is "Who gives a fart? I didn't own shares then."

" NTWK has done 2 reverse splits and heavy dilution.... those are facts jack,,,, 10000 shares bought before the 2 reverse splits are now worth 200 shares... "

Doesn't matter in the least - I didn't own shares...nor did you. The other fact, as I have provided, is that even with the recent reverse split and dilution, the stock is at the same level as it was in November 2008. This means that anyone who purchased the stock since November 2008 and is still holding today has not lost any money - not one penny. If you look at the chart, having purchased most anytime in that period would have made you lots of money if still holding today. What this indicates is that all these people (like yourself) are not interested in holding the shares for investment purposes simply short-term trading.

" i dont get people on this board excited with false hopes"

Nor do I - simply providing the facts. If you like, we could go through some of your posts over the past 3 months and see quite a few that today you would say were to "get people on this board excited with false hopes". Only difference is that was when you had a position in the stock.

I am spot on, you know it, thanks for confirming it once again.

And yet you still have not answered the question of why you are here and posting now?

Simply admit it - you are getting your retribution on the company for having caused you to lose money because you got caught up in following the crowd when the stock was higher in that Sept 2010 to July 2011 period and then you sold when the stock was lower....lower than it is today if you had held the shares.

Really, just admit it. The fact that you keep posting and avoid the issue/question is confirmation of the truth in it.

Form 4s filed for purchases on Monday:

Nick: 21,694 shares @ $2.00
Nick: 3,425 shares @ $1.90
Cabillot: 21,694 shares @ $2
Cabillot: 3,425 shares @ $1.90

Total volume traded Monday = 75,600

13D filed on Monday by Nick/AO:
638,537 shares owned = 19% of outstanding shares

Buying at prices below both the recent insider purchases is a good move.

I bought some today.

I will buy more if we see new lows.

Can I ask what the point is that you're trying to make in your posts - because for the life of me, I can't figure out what it is.

Are you unhappy or concerned that the directors are not paid and you want them to be paid? Are you unhappy by the choice of directors that the shareholders elected? Are you unhappy because you feel the directors are unqualified? Are you unhappy because the directors are getting even the $200/meeting? Are you unhappy that there are any expenses at all related to having directors of a company and that there should be no directors? All companies are required to carry Directors and Officers insurance, so again, I'm not understanding what your point is.

Please try and simply state what your point is.

Fill in the blank:

I am unhappy with because ______

I will routinely average down if I've done my research and believe the market is missing something. It's always worked to my advantage when the market eventually comes around and sees it my way.

However, you need to have a well-diversified and balanced portfolio. Not knowing your finances/portfolio I wouldn't make a recommendation to average down or not.

I do agree with arx988nba though - there are many places in the market today where you can find value stocks that are just being overlooked and will have to get noticed at some point. With the market hitting highs and so many overvalued stocks, those who actually think and do research have to, and are moving to others which are not as overvalued. Sure, LRAD is one of them, we know that. But surely you could find something else of interest which is also highly undervalued - no? I find them every day.

You're in to LRAD for almost $40k today - I'd hope your total portfolio is at least $300k or $400k. Unless you're at that total, I wouldn't up my investment to almost $50k here. Take the $10k and find something else - even something where you think you can get a quick win for 10% or 20%.

What happened - sold your shares already?

Thank you for confirming everything I said. We both know everything in my post is spot on.

You still have not answered why you are here? You want to buy the shares more than anything but have it in your mind that it's going to be below $10. We'll see if that happens - but there is no doubt - you want to buy the shares.

I've sold. I personally can't take the wild price swings because of the low float.

It was a good move to initiate the quarterly dividend. Next, company needs to do a 3 for 1 or 4 for 1 stock split, then I'll consider buying my shares back.

The point, which I think you know and don't want to admit, is that both CROX and KKD went through a similar phase which SKUL is now going through. Both stocks had the stuffing knocked out of them, and if you look at the charts today, you see what the end result is. Both were fad stocks and have faddish products which anyone can replicate at lower cost.

We both know it. Too bad others will have to wait to see an actual press release.

"Currently the bid is 15,700 shares at $15.705 - that isn't Average Joe there - it's a fund or someone with big money."

Sorry - $15.705 was the last trade, bid is $15.65 - but the thought/message doesn't change.

The market is hitting new highs. Most everything in the market is getting overvalued because there is money coming in through funds and Average Joe now wanting to get back in. So, my belief is that there is a rotation taking place by smart money - moving from those things which are clearly overvalued and what Average Joe is going to chase, and those things which are not necessarily undervalued, but definitely less overvalued. I put FIZZ in that latter category.

Currently the bid is 15,700 shares at $15.705 - that isn't Average Joe there - it's a fund or someone with big money.

A rising tide lifts all boats.