Bought a bunch of shares at 13.70 and then again at 11.90, thought I was geting a bargain. Holding on for dear life right now. I have a theory that helps me get through my day. Management actually knows exactly what they are doing and that lowering the EPA that was all a part of their master plan. It added fuel to the fire for the shorts and they pounced on the "negative" news like always to drive down the stock price. Skullcandys management knows they will have a great quarter and kill the numbers set out, to FINALLY get rid of these shorts and set the stock up for recrod gains!
I like your optimism but don't think managment is that smart. CEO is selling shares on a fixed schedule and I'm sure he'd prefer to be selling them at double this price as it was back in August. And I don't think the shorts are adding to their positions at these prices, but merely validating their positions. Sure, a solid 4Q will help, but I don't think they were sand bagging on the earnings call. We could all see the decreased margins and increased G&A expenses at 3Q.
CEO only sold his shares once....40K shares - he still holds a lot more.
There was no insiders selling since it started falling of the cliff. I am hoping for a bounce and kept adding to my position. In the long term it will pay off....just be patient and don't fold under short manipulation pressure.