PSN update

Then and now;

psn nov 15 2012.psn dec 22 2012

The 4th wave did not get quite as high as thought. It did not enter the gap area at all. Anyway now the 5th seems to be complete after hitting a low of $2.74

Now that the stock has dropped from $16 to <$3, our analysts are a little more optimistic than they were the first day after the drop, but not by much, on average they are now a hold instead of underperform. The company is going to “vigorously” defend itself against a lawsuit whatever that means. We would leave it alone but definitely would not sell it here. A good bounce is overdue.

PSN analysts dec 22