Market Flys, SKUL Dies... Usual Afternoon plunge as well (after a nice morning open)... Fortunately the opposite tends to happen (Market Dies, SKUL Flys)... As it has had its run lately during the broader market sell off. Who would have thought SKUL becoming a defensive stock? Baffles me. My only theory is the big boys tend to buy a little SKUL when they are pulling money out of the bigger cap names.
Intraday you can see heavy buying the last hour yesterday (Thur) following a sharp decline. This morning it was marked up on low volume without any cause (trading range) which tells me the buyer/s yesterday were probably large operators running a campaign. They sold off some inventory this afternoon for a few hours but don't think they were able to sell it all. I suspect they'll defend the top of their buy price, $6.02.