I sold my stock a while ago and I just casually follow the fate of Skullcandy. Their Website has a message stating that their warehouse is shut down and new orders wont be shipped until January 7th. Also Andrus has continued his selling at any price as seen in the SEC filing from December 28th. Another 50k share dump.
Also why is there always a downgrade on the morning before the market moves up? Somebody wants to keep the price of this stock low. My hypothesis is that the CEO and CFO want to sell the company. Andrus just wants to sell out so they are letting him sell his shares and tank the stock. They will sell the company off at whatever price they can get along with a bonus and golden parachute and the shareholders get screwed.
hey cleav, today pre market there was a slew of up/down grades,almost like the fix was in, some of the big $ wall st. guys get the inside info on the cliff talks, that was all scripted IMO! any way, 80% of the market is pre market,a/h's retail saps and suckers are along for the ride! just how it is inside info,algos and HFT's rule wall st.! jmo