I assume you all know the fundamentals much better than I. But what really matters is that there is always someone who knows more than what is pubilically available. Obviously, since the stock sold off, there's a shoe to drop here, that can't be ignored.
Yeah, I agree. . . thanks for the advice on the tech analysis. The fundies on this stock are very strong. . . its funny though, it went in heavily shorted. You could be right and time will tell. . . it may dip a bit. The bounce was relatively low but it was still on greater than avg. volume.
My prediction--which is only that--is that the stock will confirm support for a day or two at most @ 14.75-.80, then find itself well in the 17's fairly quickly to pull back and settle in the low-mid 17's.
Yes there is risk but when the company is showing strong performance, the fundies check out, etc., and you're willing to hang on if necessary, the downside is limited.
Shorts assume that the high gross margins will be crushed over the next few years as knock-offs invade the space. Having turned a commodity product into a higher priced fashion item with a very pure brand I believe those fears are overblown.
Okay, since you mentioned knock-offs. I was at the Base Exchange at Lackland AFB about a month ago. Keep in mind this is the AF's training base. Their customers are very young. They had all the latest Apple gear, smart phones, tablets, video games, etc. They did not have Skullcandy. They had Bob Marley phones and they had a listening station. They sounded good and have better cool factor.
And as I've mentioned, Radio Shack had there line of Skullcandy on the clearance rack. Maybe the shorts are right. Be careful about falling in love with a stock.