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Skullcandy, Inc. (SKUL) Message Board

  • johnlobur johnlobur May 16, 2012 12:29 PM Flag

    Me no likey. . . here's why.

    The FB IPO is going to suck 16 BILLION out of the market. It was only going to suck 10 BIL out of the market but then they upped their share prices and decided to offer MORE shares.

    Everybody is dumping other shares to get in.

    I decided to pretty much dump. I should have listened to myself before and waited for some real technicals. The insider buy was nice and I think this company is great, but now is just not the right time to buy.

    Volume down is not crippling, but it isn't light either Its about average. . . if it gains momo it could be really not pretty. We are in haling distance of the 52 week low. The stock of many a good company is getting absolutely SLAUGHTERED right now.

    For example, ZIP, VELT, FTE. . .

    Just look at what had happened to GRPN, SODA, etc. I do not want to ride this down to the bottom and wonder where it will be and wait for it to rise again.

    For example, ZIP, VELT, FTE. . .

    On the facebook capital "suck"

    I could be wrong. I don't really care. For the sake of the remaining longs I hope I am. And I hope the downside is temporary. I will revisit after a nice bottom forms + low risk entry forms.


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