Volume Tanker: Pacific Sunwear (PSUN)

Posted in General 
August 22nd, 2008

Pacific Sunwear (NASDAQ: PSUN) came out after the close and posted a second quarter profit, but the apparel retailer lowered its outlook for the second half of the year based upon a soft economy. Shares fell over 20% to $5.95 last night in after-hours trading.

Right after the open by about 3 minutes we have seen shares of pacific Sunwear trade down 26% att $5.70 on nearly 2 million shares.  Its average daily volume is only about 2.9 million shares, so look for a possible exponential volume day.  This is also a new 52-week low as the prior range was $7.00 to $18.44.

JON OGG

AUGUST 22, 2008

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