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Skullcandy, Inc. (SKUL) Message Board

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  • coreylynnh@sbcglobal.net coreylynnh Dec 19, 2012 9:04 AM Flag

    Is this stock broken?

    So you are invested for the short term and a quick gain? Are you invested for a short squeeze? If so, then my recommendation is to get out. The only reason you should have money on this stock is if you believe in the long term growth and are willing to invest in it for years versus days or months. Any other reason and you will likely lose money.

    Of course fundamentals have not applied to this stock for a long time. Technicals do not matter either. This stock is likely manipulated by large investors and will be so until it attracts a lot of long term small investors or a good number of long term investors with a lot of money. And again, by long term I mean for years, not weeks or months. Too many investors in this stock are short term oriented and when they do not have their quick bang they bolt. It is surprising that people post on this board news the company puts out, such as the Navigator headsets, and expect a huge stock appreciation. SKUL is EXPECTED to grow. News of growth is not going to provide a huge boost, especially considering the manipulation of the stock.

    In summary, you should only own this stock if you believe the growth story will continue and are willing to invest in it for years. Any other reason and you will likely sell for a loss when you panic on a sudden stock drop and sell for less than you bought it for.

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    • Corey is right, it is being manipulated by the big money; it is in a trading range after-all, which is where big money operates. When they are ready (fully positioned) they'll let you know with a sign of strength or weakness and pass the baton to the funds and specs. In the meantime you can buy at the low of the range and sell the top. Or, if you think this is an accumulation range, you can do what they do, sell at the top and at the bottom buy just a little more than what you sold.

      As far as "believing" goes, I think it takes a little more strategy than that. Like having a stop in place or selling out immediately if a sign of weakness (SOW) appears (wide directional price range with heavy volume). Contrary to Corey, I think you definitely want to be one of the first to panic on a SOW.

      To hang on for years just because you believe in a story is not smart, imo. The price leads fundamentals; someone always knows before they let the dumb money in on what is going on. The price action will let you know that the fundamentals have changed......not the other way around.

      They will likely wait for some news to use as a catalyst before they initiate an SOS or SOW.

      • 2 Replies to onepoint272
      • Can we get some more pivot mumbo jumbo? Haven't seen any in a while.

      • coreylynnh@sbcglobal.net coreylynnh Dec 19, 2012 2:09 PM Flag

        As I said earlier, I think buying SKUL stock outright is a bad strategy. The only reason a retail investor would do so on a growth stock with no dividend is because either he believes in the story and the future OR for a quick gain and/or short squeeze. They do not have enough information to be "in the know" like those who are manipulating the stock. What onepoint suggests is wait for something to happen then react. That in my opinion is bad strategy and taking a 50/50 chance to win short term. People too often tend to sell once the stock drops, so in effect they bought high and sold low. If the stock appreciates, most people do not sell it. They wait because they want that ride to continue. Then the stock drops again and they either sell for a loss or for a bad overall return whenever the sell happened. Either way, most short-term investors lose. If you are in this stock for the short term you are a slave to the manipulators, and that is my point.

 
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