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Skullcandy, Inc. (SKUL) Message Board

  • picker.bottom picker.bottom May 16, 2014 1:39 PM Flag

    Hey Onepoint

    My PBR trade from a few months ago worked out really well... Anyways, I'm looking at a new name now.

    NIHD (Wireless communication in latin american markets) could be another "Sprint" kinda story.

    Normally, I play all stock via options, but when the stock PPS is itself priced like an option... Well you know :)

    I've a nice sizable position @ 0.6 average. What do you think technically? I think today was the retest of low volume and with some positive news it might eventually close the gap from Feb-28th.

    On the fundamental front no surprises, liquidity concerns and declining membership. The company has about about 2.4 B in cash and 5.8 B in debt.

    Institutional ownership:
    81% (UBS with 14 M shares yet to report) as of Mar-31st. Nothing much would have changed since then as the volume has dried up. Black rock doubled down on the decline...

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Wow Picker that one has got to be your biggest challenge yet. Technically what is there to see? A downtrend into the abyss? And for good reason....look at how much money they are losing quarter after quarter. Last quarter it traded at 70 cents a share and showed a quarterly loss of $2.19 per share. What are youuuu thinking?

      You did get your test today, but, it's in a downtrend....it can just keep on falling....supply has already proved itself and it doesn't need any rhyme or reason to go down. I wouldn't give it anything. If it doesn't start working, I'd just get out. On the other hand, this could be the beginning of a trading range between 0.58 and 0.77. and you seem to have luck on your side with these fallen angels.

      • 1 Reply to onepoint272
      • OP,

        Just living up to my ID...LOL

        In my years of experience, contrarian plays have been the most profitable for me. All the left for dead stocks turned around PBR, JCP, GMCR, HPQ, FSLR, CHK and the list goes on... I've seen WS play these games too many times.

        They also have some 7B-9B in assets and cash to survive till early to mid 2015. Anyways, what would you like to see technically for the Feb-28th gap to be filled? Also, what wave in the downtrend do you think it is in?

 
SKUL
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