Skullcandy, Inc. (SKUL) Message Board
-
INSTITUTIONAL OWNERSHIP WORSENING
As the Form 13F's role in, now slightly more than 1/2 reported. Tute ownership is shrinking. Down from 68% a couple days ago to 59% now. Versus 75% last quarter.
7.2 M Decreased vs 2.2 M increased = 5M net selling so far.
Tutes selling.
Insider selling.
Who's buying? Dumb money.-
You stupid P0S! Of course institutions are going to lighten up when the stock is cratering. But we're at the bottom here. Now the buying is happening.
Awesome short and distort game you _had_ going.Sentiment: Strong Buy
-
I thought you said institutional holders were dumb money? Thus they are the sheep selling to smart money? Maybe I misunderstood your definition when I stated in a past post that the smart money were we're buying (Institutional buyers). I'm confused...
- 2 Replies to michaelsistowicz
-
Agreed Michael, this is where he had lost me too.
Typically he is touting how a stock could go one way or the other, so no matter what happened he can claim he predicted it. Now he has committed to actually picking a direction he thinks this stock is headed. Now we can see if he truly is a "day trader on steroids". Of course if the stock does go up he can always use the line "it had a SOS". -
Dumb and Dumber.
-
Could it be smart money accumulating shares?
- 2 Replies to coreylynnh
-
No cause built up. Smart money doesn't mark it up right after a sharp decline. They don't want the dummies along for the ride until they are fully invested.
-
No. The shorts are not covering commensurate with the tute exodus and price decline.
-