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!!
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.