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Skullcandy, Inc. Message Board

  • waaslov waaslov May 16, 2013 1:41 PM Flag

    This stock will

    be in the $4 range before the $6 range. Obviously this stock had a dead cat bounce.

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    • SKUL is expected to make money after this quarter and it has already been cut to less than a third of its high over 16 last August. So, 4.80 is a reasonable bottom in such cases, especially since the price didn't go any lower after earnings, and instead, went up significantly. This is a signal that the bad news is priced in and the price should continue higher. I advise shorts to find more profitable opportunities. Why wait for a drop to 4.00, which is highly speculative and unlikely, especially in this bull market. 5.20 is reasonable as the bottom for this correction, and purchases at this time should be rewarded shortly.

3.89+0.26(+7.16%)May 27 4:00 PMEDT