Looking at some of the posters on this board, have to wonder if indeed many of them are "paid posters" by the shorters. Many joined only last week, already with tons of ignores and only bashing PSN??


Those who are still denying what happened with PSN this week really don't understand what margin calls on a bad market day is. PSN only drop so much because of bad market that force margin calls on many, and specific to PSN were stop loss triggered by large selling at open (possibly a form of manipulation by the shorters) that got compounded by margin calls, nervous sellers and an overall bad market day that kept big money out. Given there are almost no stop loss order left for PSN and margin call not really an issue anymore, the time is ripe for a big buyer to really move this stop up a couple of dollars next week.