Skullcandy, Inc. (SKUL) Message Board
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8.27
8.27 was yesterday's low. 8.27 is the all-time low. Say good-bye to 8.27, no sellers down there.
So far so good, we have a higher low today, 8.30. So, if today's low holds, I can say that 8.27 from yesterday was a trough "F", which has a high probability of being the terminal low.-
Can someone explain why there are sellers at these prices? Are people still shorting? 99.5% of the longs are under water, so why sell?
- 1 Reply to chaz16669
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Keep in mind Chaz, that big operators may be selling and buying. For example, if they are accumulating they have to sell some to defend the upper range of their buying zone to keep the price from getting away from them, until they are ready. Of course now a days they can just program computers to look at many inter-market variables, do the math, and make the trades.
They could be defending the lows as they get short but I think not; why get short here?. I think they don't want it to print that lower low today because they're ready to take it up but have to wait on favorable market conditions.
The small caps, IWM, is gunning for that gap back on Aug 2nd and 3rd at 77.65. Not much further to go now.
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SKUL is strong like bull. It has held up nice despite the early decline in the general market.
- 1 Reply to onepoint272
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LMAO... Well except for the dive from 15 to 8 in since end of October... Yes... :)
Sentiment: Strong Buy
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I am concerned about limited buying interest, even at these all time low prices.
- 1 Reply to chaz16669
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I don't know... Volume has been pretty heavy the last 2 weeks... 100,000 to 200,000 days were a plenty for the longest time. Now we are seeing 500,000 on average.
Sentiment: Strong Buy
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