RE: What happened to the strength in PSN It seems like all of the Oil Service sector stocks have gererally been out of favour for a while now. They will probably not get another wave of strength upwards until people feel more certain that the world economy is on a sustainable recovery.
Today there is probably a bit of weakness due to the fact that we are past the x-div date and some people have just decided to go to the sidelines for a bit.
That being said, a solid growth company like PSN should be able to regain traction and start moving forward as their quarterly reports start showing earnings and profit growth and improved guidance going forward. This is going to happen, but we will have to have just a bit of patience and ignore the day to day fluctuations in the share price. They are annoyning but in the long run, meaninless.