MetroPCS Communications, Inc. (PCS)

[bowonwing]

Reviewing the Q3 institutional holders, IMO there is a lot to be positive about, especially Janus adding over 33% to it's position in PCS in Q3. In Q2-2009 Janus added 2,235%, or 1,518,200 shares of PCS. Q2 low was $13.62.

This data is for Q3-2009, in which PCS ran up to > $10, for awhile, so at that time there where more buyers than sellers.

Obviously, with PCS currently trading in the low $6's, selling pressure is/was stronger than buying power. With the Q3 low about $7.72, blow-out earnings by PCS in last reporting period, I am puzzled by the current price action.

PCS needs to get over is old 52 week low of $7.53 ASAP, and we have a long way to go with PCS at about $6.20.