Replies to post #282 on MetroPCS Communications, Inc. (PCS)

[bowonwing]

11,613 for the Dow and 1,256 for the S&P were the March 2011 lows. Both were violated today, not good.

IMO the sell-off of PCS to under $10 from over $16 was a "set piece." Weak hands are playing into the strong hands. PCS still made $0.23 a share in Q2-11 and has about $1.85B in cash. But this kind of damage to PCS will take time to recover and the overall market weakness is also a factor in PCS' weakness right now.