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Skullcandy, Inc. Message Board

  • michaelsistowicz michaelsistowicz Feb 5, 2013 7:43 PM Flag

    CNBC article - insider selling

    Nice article today on CNBC regarding the dramatic increase of insider selling recently. I tried to cut and paste but got blocked.

    In a nut shell it was saying how "Insiders are usually right" and with insiders selling 9 shares for every 1 bought last week by S&P component insiders, a market correction of 10% is historically the norm.

    For what it is worth with the SKUL filings and all... Food for thought.

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    • nothing more than that

      Sentiment: Strong Sell

    • It's good to hear you're still being objective. The market is extended; it has done a 127.2% retracement, an important fib ratio. And, the SPY, for example, tested Friday's and Monday's high and closed under both with lighter volume so the expectation is it will head back down to test Monday's low. If it has volume to break it then it should start the eventual and inevitable trek down to the Jan 2nd gap.

      SKUL is under 6.55 but it's hugging the line. Today's close though feels like it wants to test the low. It'd be a good time given the low volume this week. Then, as you know, SKUL can move contrary to the market.

      • 1 Reply to onepoint272
      • I read another article called " Dash for Trash"

        It basically says of S&P companies - the companies with the Highest Short Interest and not paying dividends have out performed by far the dividend paying companies. This year.

        Of course SKUL can't even claim that title! It didn't get into Russell 3000 companies, but I would guess it hold true. Go figure huh?

6.350.00(0.00%)Oct 3 4:00 PMEDT