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Skullcandy, Inc. (SKUL) 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!!

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    • 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.... :)

    • 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.

 
SKUL
9.01+0.13(+1.46%)Nov 21 4:00 PMEST

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