Now, 4 may be a bit of a stretch KobeBeefBryant, but there is nothing to look forward to in the near future for this stock. I see it below $5 not too long from now, maybe tomorrow. OK, you're going to cut some cost in the future..... Great!!! Not Really. Margins have narrowed, the product has not succeeded overseas and is declining significantly here in the states. Time to sell and find a new cheap stock to buy shares of. So, they are cutting costs for a product that will continue to see a decline. This company will be history soon enough. I don't even see them as an attractive buyout. The name really isn't worth anything. You don't hear anyone saying, "Hey, check out my new Skullcandy's." Sure don't.
You're basing your guidance on this company on 2 products which 30 people have reviewed. You'll need more than that. I'm more of a facts guy myself. Fact: history shows that a day after SKUL gives disappointing earnings and decreases in after hours the following day the stock continues down another 8%. I wouldn't say it came back in after hours. Some idiot bought 150 at the after hours ask price. As you said though, tomorrow will tell. I expect it to go to low 5's tomorrow.
Came back nice in AH on low volume see what tomorrow brings. No surprises in CC so maybe it will trade in range of past few months. I don't see a reason to buy or sell right now so I'll just hold and wait it out.