Funny, hopeful, but deluded. There is massive supply in the background; March 7th. Supply has proven itself and therefore price can fall without any cause or reason or volume. The stock is predominantly owned by the public now and the larger interests are just waiting on the dumb-money longs to cannibalize themselves back down to the $5 area.
You must be talking about $4.03, which has acted as SUPPORT, not resistance, and yes the more it hits it the weaker it gets, like poking holes in the ice. It was hit 4 times and closed under that level on Monday, so now 4.03 support has become resistance and 3.59 is the next level of support.
It can possibly get back above $4.03 but you need it to do it ASAP and then hold it.
Intraday there is one more leg to the downside once the up-leg finishes that started 1 hour 45 minutes before Monday's close. That up-leg could be done or may have a bit to go, but then one last down-leg. How it rebounds after that will be telling.
TRMR's demand line is 10% lower at 3.59 and if it gets much under that it'll sell off like mad cow disease.
"Current Quarter Estimates for SKUL
In the past 30 days, 1 estimate has gone higher for Skullcandy. The trend has been pretty favorable too, with estimates of loss narrowing from 18 cents a share 30 days ago to a loss of 17 cents today, a move of 5.6%."
Oh Boy! Come and get em zuckers, the stock is just flying off the shelf !
The stocklord is just one of millions of sheeple without a clue. Notice how he says:
"I hope you did more homework than just that."
Homework? LOL. He thinks there going to let him take their money because he did his homework....LOL.. He should buy and sell onions.
When buying onions, it is better to buy them wholesale. I think though a better price can be had by waiting a day or two
Ben, I'm just sounding off. Anything I say about fundamentals is bullczhit. The turn around story doesn't matter to me because its bullzchit. Fundamentals are bullzchit It's all bullzchit.
I remember a while back Apple came out with quarterly earnings and they were more than Amazon had made in its entire history.......yet Apple was trading at a PE of like 12 and Amazon at like 3000. Now that's bullzchit. It's all bullczhit.
The stock business is a lot like the onion business. The big players buy wholesale as cheaply as possible and build up an inventory and then sell them off at retail. It's as simple as that. The rest is bullzchit. They can make up stories about the onions so they sell better, but they are still just onions. The difference is though that the retail buyers will wait for onions to go on sale before buying but when it comes to stocks they rush in to buy when the prices are high. It's a great business if you buy wholesale.
Can you say that these prices for SKUL are wholesale prices? You can't use fundamentals to answer that because they're just bullzchit, they don't matter. All that matters is the inventory situation of the big players. It's probably being held up here because the big players are building an inventory of short positions. At one time this had 70% short interest. They cashed in their shorts and recently they've cashed in on the long side. Wash, rinse, repeat. I don't understand why anyone would want to hold this long now.
Are you required to make a full disclosure? Not me, I'm not disclosing. Skullcandy is in way deeper doodoo than RSH and RSH has a plan. Skullcandy is just going to continue to tell the young irreverant story......ho hum.......they have nothing.
You should have a better use for your money too. Alden started a stupid company with no future and is selling it off for millions. He's selling a pipe dream that he no longer believes in.
Could it be the reason it didn't immediately sell off on the down-low news of Alden's sales be because its now mostly owned by the public? Sheep don't do things on there own accord; they need to be led........led to the slaughter. When I was younger my uncle kept a flock of sheep so believe me the analogy is perfect. When the boyz are ready they will lead the sheep to the exit and they'll all try to get out at once....Monday could be a large pull back and if it is not then I'm holding short for a very deep pullback as I've explained above.
The institutions knew that Alden was going to dump 1.5M shares, and visa versa, Alden knew the institutions would be dumping. As the largest stock holder the last thing you want to do is pezz off the next largest group of investors. These guys talk to each other. There is no doubt in my mind that the institutions took profits above $9. The question is, are they going to get back in, and when, and at what price? Certainly a lot lower than $9.
If this does not get crushed by the close of March 31st that would make me even more bearish because if they do not take this price down it says the institutions have no interest in buying this back. Which means that when the report of institutional ownership comes out about May 15th, it will show a much reduced ownership percentage by the institutions.
Go online and you can find 100's of manufacturers in China that will provide you with shiploads of headphones and put your own brand name on them and do it at a fraction of the cost of having to buy Astro. Headphones are old technology; they are a commodity.
And one would have to wonder why Chairman Alden sold 1.5M shares if there were even the remotest chance of what you are suggesting.
During the pump and dump of March 7th, 10th, and 11th and days following, Chairman Alden sold 1.5M shares. But during those days the news hype was incredible and the volume traded was immense; the entire float could have turned over. Institutional ownership was around 65% as I recall at the end of last quarter. They all could have gotten out or mostly out above $9 to the $11.40 high. They could have sold nearly every share to the public.
Now they need to get back in. And they need to do it before the end of the quarter, March 31st. Because it is that day they need to report their holdings (in 45 more days or about May 15th). If they want to show that the institutional holding has remained essentially unchanged from Dec 31st. Then they all need to get back in. And they can't all get back in at once without driving the price higher.......unless they get volume to the downside.....get the public to massively dump so they can buy into the panic.
We need to put an end to this corruption. We need a maximum wage rate. You make over $250,000 then you should pay a 100% income tax rate on the amount over $250k. If you make more than that, than you are taking advantage of / abusing the system and you should put that money back into the system.
FDR proposed that very thing, only his max wage rate was $25,000. Congress compromised at 94% and that rate stood thru the 40's, 50's, and 60's. Sometime in the 70's the decay started. In the 80's they busted the unions. In current times they got regular people thinking they're all going to get rich someday and be rock stars, voting for crooks, and slitting their own wrists. The current max income tax rate is like 34%. Wake up America. We have like 40-50% real unemployment and we need to get to work. We have aging dams, roads, bridges, an antiquated electrical distribution system, a third world mass transit system, less than 5% renewable energy. There is plenty to do and plenty of people to do the work. So #$%$? The system is broke. The problem is capitalism is unfettered. We need to turn off FOX and take our country back.
Elizabeth Warren for President.
Haven't checked it lately, no, but PBR looks really good. I'll let it pull back like you say, but wait for stopping action; anywhere between $11 and $11.50 would be good.
The new baggies get to pay for the rouse that trapped them.
Capitalism.........how's it working for you?
and....."just send the pump and dump bills (Seeeing Alpha, Yahoo, Bloomberg, Motley, The Street, Forbes, et al) to Hoby and chalk it up as public relations expenses".