I have a folder of images sized at 1240 px X 640 px 300 dpi and saved in Photoshop at a setting of 10. The folder is 8.7 mb. I'm trying to add a watermark and downsize to 1240 x 640 @72 dpi and a setting of 8. If I run a batch action on Photoshop, the downsized folder is 4.7 mb. When I try to do the same thing using PM's save as function, the folder is actually larger at 10.1 mb. I have attached a screen shot of my settings.