RE: RE: RE: RE: RE: RE: RE: Gap to be filled? I purchased PSN at $3.00 (not at $14) and I have a small position, not a large one. This stock was worth more than $3 based on the information that was publically available at the time I purchased, it was the hidden information that cut the valuation of this company by another 50% (much larger AR, more significant write downs, dividend cancellation despite Michelle Rye telling me less than two weeks before December 27th that no near term changes to the dividend were being planned, and that the AR problem is in the process being resolved quickly! Even the upcoming dividend was in question when I was given this information!).
Despite this, I did see the risk and only put PSN up as 5% of my portfolio. Even Carter covered his short position before this news release. I still think like you that it is oversold at this point...my only point is that I don't actually know anymore. I have already been burned by this company, and it would not surprise me in the least to find out from the special report next week that I have lost the rest of my money because this entire company is falling apart at the seams. You can't even trust information distributed by their IR, which does not bode well for the future lawsuit. My only point is that this stock is not oversold or overvalued, it is priced for either takeoff or destruction based on the news release next week. I am hanging onto a 2.5% long position until this plays out.