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Skullcandy, Inc. Message Board

  • onepoint272 onepoint272 Oct 18, 2012 7:38 PM Flag

    Death Cross - Downgrade - Plunge Eminent

    All the mechanics are eyeballing the death cross I suppose; the 50 crossing below the 200.

    Raymond James adds its downgrade.

    Clustered bars drifting lower.

    On a slightly positive note it did manage to test Sept 14th on lower volume and close above it, but the volume more than doubled from yesterday, so its pushing lower on volume.

    All in all, It's just not good for the home team. I expect $11.51 to get hit tomorrow or Monday. If that doesn't hold then $10.42 is in play. Ultimately I wouldn't expect a bounce any higher than $10.42. This could easily get under $10 before it bounces.

    The smart money wants to take it down, its just that plain and simple.

    Turtle, get your contribution ready for the Red Cross.

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    • I'm just glad you actually remembered - I am ready and willing .... but i was also propping it up a bit at 12.30$ today with some buys ... gives me an extra day ....

      Gotta admit i have been pretty confident buying this thing on the dips to 12 several times over the last year but not very confident this time around - maybe because the overall market seems so toppy ..... dunno -

      Turtle -

6.89+0.19(+2.84%)Sep 2 3:59 PMEDT