Thu, Oct 2, 2014, 7:15 AM EDT - U.S. Markets open in 2 hrs 15 mins

Recent

% | $
Quotes you view appear here for quick access.

Skullcandy, Inc. (SKUL) Message Board

  • rexobxip rexobxip Dec 18, 2012 11:04 PM Flag

    Is this stock broken?

    Up volume, down volume, good news, up market... doesn't matter. This stock seems broken, and dives at the end of every day. I no longer think fundamentals matter for this stock... and can't help but feel that management is oblivious or complicit. If SKUL meets estimates, the stock will go down... if it misses, it will plummet. I am giving this another month, but if nothing changes, I am out. There is a better use for my money. Management tells shareholders that every time an insider sells. Management is doing shareholders a disservice.

    Anyone want to talk me down?

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • coreylynnh@sbcglobal.net coreylynnh Dec 21, 2012 11:11 AM Flag

      "Sure, even at 5% a year, it doesn't matter. When the big players are fully positioned and are ready to let the funds and specs mark it up then any and all news will be good news."

      That is all I care about. The company just needs to keep growing and I will get my profit eventually. In the meantime I will keep grabbing the juicy options premiums. Unless there is game-changing news that changes the outlook of that growth in a major negative way, all other news is white noise.

      "You are stating the CNBC paradigm which says the "whole bunch of investors" matter. They don't. They are fodder. They are the source of new money for the big players, the fodder that keeps CNBC on the air, and keeps the bonuses paid and light on in Wall Street."

      I don't watch CNBC or any other financial news network. If I were to watch them I would likely do the opposite. It is all white noise and I don't have time to listen to #$%$. I base my comments below on my investing experience. The retailers who panic sell on non-game changing news are the fodder. They are what the big money profits from, and really are what I profit from too. Those are the "whole bunch of investors" you talk about. When I say whole bunch of investors, I mean smart big money when they recognize a stock is undervalued and hold for the appreciation. This is what eventually causes that other entrenched big money to be "fully positioned and are ready to let the funds and specs mark it up", as you say. Otherwise, why would the big money ever change the game? What causes them to determine they are "fully positioned"? They read signs too.

      "Sure, stampedes can happen but only if a republican wolf shows up or there's a bad thunder storm but the cowboys eventually gather the herd and lead them to the packing plant."

      You think Democrats are any different than Republicans? If so you are naive. While Al Gore toted the environment he owned a tremendous amount of oil investments here in the U.S. that's just one example in a long line. The Democrats offer the masses bones to keep them happy and on their side. There is little difference between a Democrat and a Republican, they are both wolves.

    • coreylynnh@sbcglobal.net coreylynnh Dec 21, 2012 10:08 AM Flag

      Wow, the last part of my message did transmit.....finally. Excuse me for my broken pieces of messages. Hopefully you can piece them together.

    • coreylynnh@sbcglobal.net coreylynnh Dec 21, 2012 8:59 AM Flag

      I can't get the last part of my message to go through. I have tried copying and pasting and then sending. I have tried re-typing it from scratch. I tried starting a new topic. Nothing will transmit through. Not sure how to get it in at this point.

    • coreylynnh@sbcglobal.net coreylynnh Dec 21, 2012 8:58 AM Flag

      It appears I cannot get the last bit of my message to go.

      But I am not panicking because I still think there is a profit to be made. Meeting analyst expectations is not a game-changer in my opinion and therefore I am still bullish on this stock for the future. Its fundamentals are still really good compared to its industry. The P/E ratio, PEG ratio, P/B, P/S all scream undervalued although P/C is a worry. This lack of cash is not a great sign, but then again SKUL has no debt. I sold a Dec call for .20/share (1.8% premium) so my cost basis is currently 10.25. If I can sell another call for greater than .25 I can potentially sell subsequent calls at the 10 strike price but that could eat away profits due to the $1 drop in strike price. I will wait a week or two to see what the stock does and see if I can sell a Jan 11 call for .20 or more. If I can sell another 11 call and the stock appreciates above 11 then I make a very nice profit, somewhere around at least a 30% annualized return (I already have 6.8% from the put and call I already sold and after January this will be 3 months investing money in it). If the stock doesn't appreciate then I will take what call I can get and wait patiently. If the company continues to grow at such a good clip investors will eventually drive the stock back up to 11 or higher and likely within the next year. I will then take my profit when it hits 11 or above. The key is patience. If there is a game-changer I can always cut my losses and exit. They all cannot be winners. But I will be much better off than if I had bought the stock at 12.50 when I sold that initial put. Luckily I only have a small position on this stock because I am learning how, and if, my option strategy can be applied to growth stocks.

    • coreylynnh@sbcglobal.net coreylynnh Dec 21, 2012 8:55 AM Flag

      But I am not panicking because I still think there is a profit to be made. Meeting analyst expectations is not a game-changer in my opinion and therefore I am still bullish on this stock for the future. Its fundamentals are still really good compared to its industry. The P/E ratio, PEG ratio, P/B, and P/S all scream undervalued although P/C is a worry. This lack of cash is not a great sign, but then again SKUL has no debt. I sold a Dec call for .20/share (1.8% premium) so my cost basis is currently 10.25. If I can sell another call for greater than .25 I can potentially sell subsequent calls at the 10 strike price but that could eat away profits due to the $1 drop in strike price. I will wait a week or two to see what the stock does and see if I can sell a Jan 11 call for .20 or more. If I can sell another 11 call and the stock appreciates above 11 then I make a very nice profit, somewhere around at least 30% annualized return (I already had 6.8% from teh put and call I already sold and after january this will be 3 months investing money in it). If the stock doesn't appreciate then i will take what call I can get and wait patiently. If the company continues to grow at such a good clip investors will eventually drive the stock back up to 11 or higher and likely within the next year. I will then take my profit when it hits 11 or above and if it happens I will make at least 6.8% which I already have in premiums. Patience is key. If there is a game-changer I can always cut my losses and exit. They all cannot be winners. But I will be much better off than if I had bought the stock at 12.50 when i sold that initial put. Luckily I only have a small position on this stock because I am learning how, and if, my option strategy can be applied to growth stocks.

    • coreylynnh@sbcglobal.net coreylynnh Dec 21, 2012 8:47 AM Flag

      But I am not panicking because I still think there is a profit to be made. Meeting analyst expectations is not a game-changer in my opinion and therefore I am still bullish on this stock for the future. Its fundamentals are still really good compared to its industry. The P/E ratio, PEG ratio, P/B, P/S all scream undervalued although P/C is a worry. This lack of cash is not a great sign, but then again SKUL has no debt. I sold a Dec call for .20/share (1.8% premium) so my cost basis is currently 10.25. If I can sell another call for greater than .25 I can potentially sell subsequent calls at the 10 strike price but that could eat away profits due to the $1 drop in strike price. I will wait a week or two to see what the stock does and see if I can sell a Jan 11 call for .20 or more. If I can sell another 11 call and the stock appreciates above 11 then I make a very nice profit, somewhere around at least a 30% annualized return (I already have 6.8% from the put and call I already sold and after January this will be 3 months investing money in it). If the stock doesn't appreciate then I will take what call I can get and wait patiently. If the company continues to grow at such a good clip investors will eventually drive the stock back up to 11 or higher and likely within the next year. I will then take my profit when it hits 11 or above. The key is patience. If there is a game-changer I can always cut my losses and exit. They all cannot be winners. But I will be much better off than if I had bought the stock at 12.50 when I sold that initial put. Luckily I only have a small position on this stock because I am learning how, and if, my option strategy can be applied to growth stocks.

    • coreylynnh@sbcglobal.net coreylynnh Dec 21, 2012 12:20 AM Flag

      But I am not panicking because I still think there is a profit to be made. Meeting analyst expectations is not a game-changer in my opinion and therefore I am still bullish on this stock for the future. Its fundamentals are still really good compared to its industry. The P/E ratio, PEG ratio, P/B, P/S all scream undervalued although P/C is a worry. This lack of cash is not a great sign, but then again SKUL has no debt. I sold a Dec call for .20/share (1.8% premium) so my cost basis is currently 10.25. If I can sell another call for greater than .25 I can potentially sell subsequent calls at the 10 strike price but that could eat away profits due to the $1 drop in strike price. I will wait a week or two to see what the stock does and see if I can sell a Jan 11 call for .20 or more. If I can sell another 11 call and the stock appreciates above 11 then I make a very nice profit, somewhere around at least a 30% annualized return (I already have 6.8% from the put and call I already sold and after January this will be 3 months investing money in it). If the stock doesn't appreciate then I will take what call I can get and wait patiently. If the company continues to grow at such a good clip investors will eventually drive the stock back up to 11 or higher and likely within the next year. I will then take my profit when it hits 11 or above. The key is patience. If there is a game-changer I can always cut my losses and exit. They all cannot be winners. But I will be much better off than if I had bought the stock at 12.50 when I sold that initial put.

    • coreylynnh@sbcglobal.net coreylynnh Dec 21, 2012 12:19 AM Flag

      But I am not panicking because I still think there is a profit to be made. Meeting analyst expectations is not a game-changer in my opinion and therefore I am still bullish on this stock for the future. Its fundamentals are still really good compared to its industry. The P/E ratio, PEG ratio, P/B, P/S all scream undervalued although P/C is a worry. This lack of cash is not a great sign, but then again SKUL has no debt. I sold a Dec call for .20/share (1.8% premium) so my cost basis is currently 10.25. If I can sell another call for greater than .25 I can potentially sell subsequent calls at the 10 strike price but that could eat away profits due to the $1 drop in strike price. I will wait a week or two to see what the stock does and see if I can sell a Jan 11 call for .20 or more. If I can sell another 11 call and the stock appreciates above 11 then I make a very nice profit, somewhere around at least a 30% annualized return (I already have 6.8% from the put and call I already sold and after January this will be 3 months investing money in it). If the stock doesn't appreciate then I will take what call I can get and wait patiently. If the company continues to grow at such a good clip investors will eventually drive the stock back up to 11 or higher and likely within the next year. I will then take my profit when it hits 11 or above. The key is patience. If there is a game-changer I can always cut my losses and exit. They all cannot be winners. But I will be much better off than if I had bought the stock at 12.50 when I sold that initial put.

    • coreylynnh@sbcglobal.net coreylynnh Dec 21, 2012 12:05 AM Flag

      But I am not panicking because I still think there is a profit to be made. Meeting analyst expectations is not a game-changer in my opinion and therefore I am still bullish on this stock for the future. Its fundamentals are still really good compared to its industry. The P/E ratio, PEG ratio, P/B, P/S all scream undervalued although P/C is a worry. This lack of cash is not a great sign, but then again SKUL has no debt. I sold a Dec call for .20/share (1.8% premium) so my cost basis is currently 10.25. If I can sell another call for greater than .25 I can potentially sell subsequent calls at the 10 strike price but that could eat away profits due to the $1 drop in strike price. I will wait a week or two to see what the stock does and see if I can sell a Jan 11 call for .20 or more. If I can sell another 11 call and the stock appreciates above 11 then I make a very nice profit, somewhere around at least a 30% annualized return (I already have 6.8% from the put and call I already sold and after January this will be 3 months investing money in it). If the stock doesn't appreciate then I will take what call I can get and wait patiently. If the company continues to grow at such a good clip investors will eventually drive the stock back up to 11 or higher and likely within the next year. I will then take my profit when it hits 11 or above. The key is patience. If there is a game-changer I can always cut my losses and exit. They all cannot be winners. But I will be much better off than if I had bought the stock at 12.50 when I sold that initial put.

    • coreylynnh@sbcglobal.net coreylynnh Dec 21, 2012 12:02 AM Flag

      But I am not panicking because I still think there is a profit to be made. Meeting analyst expectations is not a game-changer in my opinion and therefore I am still bullish on this stock for the future. Its fundamentals are still really good compared to its industry. The P/E ratio, PEG ratio, P/B, P/S all scream undervalued although P/C is a worry. This lack of cash is not a great sign, but then again SKUL has no debt. I sold a Dec call for .20/share (1.8% premium) so my cost basis is currently 10.25. If I can sell another call for greater than .25 I can potentially sell subsequent calls at the 10 strike price but that could eat away profits due to the $1 drop in strike price. I will wait a week or two to see what the stock does and see if I can sell a Jan 11 call for .20 or more. If I can sell another 11 call and the stock appreciates above 11 then I make a very nice profit, somewhere around at least a 30% annualized return (I already have 6.8% from the put and call I already sold and after January this will be 3 months investing money in it). If the stock doesn't appreciate then I will take what call I can get and wait patiently. If the company continues to grow at such a good clip investors will eventually drive the stock back up to 11 or higher and likely within the next year. I will then take my profit when it hits 11 or above. The key is patience. If there is a game-changer I can always cut my losses and exit. They all cannot be winners. But I will be much better off than if I had bought the stock at 12.50 when I sold that initial put.

    • View More Messages
 
SKUL
7.85+0.06(+0.77%)Oct 1 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.