the stock is more for traders and will be a nightmare for Investors.
5% drop on literally no news!
A close at current levels (15.8) would lead a close below 10 dma.. Does not look good at all. Looks like there might have been some heavy shorting going on today! But, regardless the price action is true and the volume reached the 3 M average. All the Bullish action for past one week just wiped out in one day. That is the sad truth!!!
Shorts borrowed the shares and sold it in the open market and Institutions have bought it from them.
If the lenders of the shares want to sell then their brokerages have to make their shares available (a.k.a shorts will be forced to cover)
"looked like a margin call they way it was sold after 2"
Your theory does't hold water... Why would someone hit a margin call when the stock has been trending up?? You're blindly making bullish statements. Unless this is a one day event and the stock miraculously reverses tomorrow tot he upside... SKUL does not look good!
Actually the Investors are in for the long term
If you bought it 3 months ago at 12.5 who cares if went down .90 cents this is how heavily shorted stock trade
when the squeeze happens it will be gapping dollars as they try to buy it
"If you bought it 3 months ago at 12.5 who cares if went down .90 cents this is how heavily shorted stock trade "
It also means that shorts still control this stock. Why can't you see the same move on the upside? Today was a terrible day and there are no 2 ways about it.
"when the squeeze happens it will be gapping dollars as they try to buy it"
You've been saying for how many months now? It has never happened and at this rate it might not even happen (Esp. if the broader market falters)