Recent

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

Skullcandy, Inc. Message Board

  • benshometownflooring benshometownflooring May 22, 2013 5:54 PM Flag

    Dip?

    Is 6.33% dip in a small cap stock the way they roll? With the upside potential of SKUL, I'm surprised that a pullback would be this significant. I'm thinking is should have found some support a little higher. But like Michael pointed out, same drop last week and it gained it back on Friday. Long and Strong!!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Yeah, anybody with a couple hundred thousand dollars can jerk these stocks around for a day. It doesn't have to mean much of anything. Once you realize you can move it yourself there's a certain temptation to jerk it up or down just to try to fake everybody out.

    • Part of the problem with the huge swings (IMO) is the sell out of Institutional interest last quarter. That's a lot of shares (4,000,000) or 25% of the float that went on the market. I am sure if/when SKUL reports positive earnings and better guidance going forward, that the Institutional buyers will absorb some more of the float and swings will stabilize. In the meantime, I would expect some 3-6% swings. Although , hopefully, the curve is up going forward. If OP was chiming in, he would probably dispute my theory.... :)

 
SKUL
7.16+0.08(+1.13%)1:04 PMEDT