It doesn't take much to create price moves in low value companies like this one. The market had been dropping and then the bad news about their lawsuit probably pushed the downward trend. Probably a buying opportunity but I will wait for the trend to turn back up.
Looks like price will continue to drop. I probably won't buy anymore until we get back into an uptrend. Hopefully that won't be a whole lot lower than now but it doesn't look good.
These are not net short positions. Daily market makers buy and then sell or sometimes sell and then buy. If they sell and then buy that is a short transaction even though it really did not create a net short position.
Management was implying increased Holiday sales while Meifud said sales would be bad. He was right and I lost a bundle. Now management is implying poor Holiday sales. We will probably see $.30s before any turnaround happens.
I hated that I had missed the last TA increase but now I feel better. I sold a while back because management can't be trusted to look out for the best interest of their current shareholders.
Started buying the ask. Couldn't get all I wanted buying the dips and didn't want to be left behind.
They need to prove that they are now lowering their cost and increasing sales volume. A 5% increase in units sold would be enough for me to think they are on their way.
Sold most at $3.20 and a little today. Just not sure when this company's performance will get going. I am willing to buy at a higher price once I know they are finally going to deliver. If the price drops to the low $2s, I might be tempted to buy and gamble on a turnaround.
New management does seem to be focusing on managing the business and has created a business plan.
Expectations are now low enough that SKUL should quit disappointing and maybe even do better than expected.
INOC tip became too late with the report of a potential buyout. It would have been a fantastic tip 2 months ago. Do you have any other tips?