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Skullcandy, Inc. (SKUL) Message Board

  • onepoint272 onepoint272 Mar 13, 2013 12:52 PM Flag

    March 8th was a Selling Climax

    March 8th was likely the selling climax; the largest volume day since it went public. Every institution, fund, and spec who wanted to sell has sold. Since March 8th the price has gone sideways and the volume has dried up. There are no more big sellers. It should pop as the short positions realize this and their greed turns to anxiety and fear.

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    • Is there any good news? No. All the news is bad news. What's that tell ya? Tells me the bottom is in. The dumb-money shorts are expecting another retracement and plunge. But they couldn't be more wrong. I suspect all the the smart-money shorts are now out and/or long. The dumb money may get short on the upcoming bounce but it will be a bear trap and their covering will be used to drive the bounce even higher.

 
SKUL
8.43-0.20(-2.32%)Apr 17 4:00 PMEDT

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