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Skullcandy, Inc. Message Board

  • chaz16669 chaz16669 Nov 23, 2012 9:47 AM Flag

    A slow death

    Skull is bleeding badly. Despite what fundamentals and technicals suggest, the stock is of no interest to big money. What volume exists is selling. Not sure how much lower it will go, but I would be surprised if some hedge fund wouldn't initiate some buying as a catalyst to move the stock up for a quick buck. With so little volume, I would think it could be manipulated fairly easily...other than down.

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    • tax selling happening with no significant bounce as some (including myself) anticipated,,,,people with large losses taking their medicine and putting them behind them going into the end of the year..I do think we are at a bottom here for those with a.longer horizon..not gonna be a speedy reversal though from the thrashing we've taken..I don't own at the moment though.

    • Agreed...the next bounce could be a manipulated one...(hedgies)
      Also, could see a large spike on a buy-out "rumor"

      Sentiment: Strong Buy

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