I love Skullcandy......I love the product.....but I'm getting rather sick of the stock! I have lost a ton of money on this monster. I hate to give up because it is a bargain at these prices. Would someone please tell me that there is hope on the horizon?
Look, stocks can't go down forever; they have to breathe. The retail shorts are posting....getting nervous....trigger fingers at the ready.
Goldman Sachs (GSCO) is showing up on Level2. Not trading yet, but small orders at the extremes....watching and waiting.
Op-Ex is next Friday. Tons of puts on 8, 9, 10, and $11. The theory being that option buyers are dumber than option sellers and thus these puts will expire worthless.....price will close above $11 next Friday.
The lower support line of the all-time downtrend channel is at $8.
The onepoint272 fibonnacci extension is at 8.33.
Sentiment is really bearish......visa vi, your post.