Just a matter of intraday timing.....76.36 would be nice.
Possible downside bounce/pause at 73.53.
The weekly finished up the week of Jan 6th. A break under 72.66 will mark the completion of the first corrective up-wave and start of 2nd down-wave. Need volume to pick up going into 69.63....but there is already a lot of holes in that ice.
Well, you have good trading instincts Ice Man, I gotta hand it you. When you called 9 you really meant it. $9.31 was the 1.272 extension on the daily, my favorite number, and that was my cue to short last night AH. Then every momo monkey on the planet showed up this morning and drove it up to a high of $11.40. The 2.618 extension level was $11.38. Uncanny and unbelievable at the same time. On the weekly the 1.618 extension was $11.29. So, yeah you are right, it is done. Since it did a a 1.618 on the weekly, It should head all the way back down to the low of that measured move, $5.34. I'm gonna stay short til then.....a regular "Sell and Holder". Should be like a vacation.
I still have my pair of LaCrosse Ice Mans. They must be 25 years old. Seems like only yesterday when I bought them for doing some all day January surveying. Keep em up at the place but don't miss having to use them.....I do miss the way the snow squeaks underfoot though, if you know what I mean. Downtown where I work, there is a row of bushes about a block long that were loaded with red berries. About 2 weeks ago there must have been nearly 100 robins feeding on them. Took them about a week to finish the job. Now what's left of the berries layers the sidewalk. Anyway the robins are heading your way.
Hey, I know you too...................and today was a classic shake UP. Take what you can get, I'm serious....no B S..........protect yourself if you're not out already. This was stopping action....it's going down now for a long while. There are 13 million bagholders above $10. That's heavy resistance.
Hey, I know you. Don't let em get to you Forgetabout. Knowing your style of communication, I perceive that you think it is eventually going higher. I agree of course, but think i tt will be a while .....at least another 12 weeks, a quarter, before it lifts back off the bottom. It is basically done until then. I am short yes, but I'm not trying to sh-t ya. A stop under today's low would be prudent.
10M shares traded in 3 hours. 10M x $10 = $100,000,000.......in 3 hours ! More than Skulcandy's Revs for all of 2013.
What do they sell again, the company I mean, headphones? Nevermind, it doesn't really matter what they sell. They do have a good song and dance man though.
Sorry, but I think it's going back down for a long time......I just don't want to have dead money in this POS waiting for your belief system to play itself out.
ho hum. You sound like a smart guy so some day you may figure out how capitalism works. To help you get started, consider that by definition, capitalism is the concentration of wealth. Think about that for awhile.
Do you really believe that selling headphones is the real business? The real business is buying and selling stock. Selling to the public at highs and buying it back from them at lows. The losers move on, thinking they just picked a bad stock and that they need to improve their stock-picking skills. New gamblers arrive, and they are likewise harvested. Ahhh, capitalism, the great concentrator of wealth.
LOL. Yep Charles, big capital is what moves stock prices. The news is meaningless by itself but can be used to help them. This is nothing new of course. This was written about as far back as the 1870's to 1890's era, when the railroads were the blue chips and the industrials were the high-tech speculative stocks.
Now the question is .....are they selling SKUL? Looks like it to me.
You made the right call fundamentally, no doubt in my mind. But eventually they may run it up to $12. They'll have that hopeful high-volume finger-pointing candle to retest at $11.40 but they could run it back down to $5 and re-accumulate first, buying from today's new crop of mo mo monkeys who got left behind. They got them where they want them now, trapped above the $10 tree line. They can sit down at $5 and just wait for them to one by one drop out of the tree from starvation.
Dude, you should know by now how I think, all that happened was going to happen with or without your article. If they hadn't gotten your article, just in the knick of time - hold the presses, they would have pulled another, less poorly written but sufficient, out of the drawer to accomplish their plan.
That's right, and that was good. But then I went short AH at $9.10 and that was not so good, so far. Totally underestimated the MoMo Monkeys. But they are leaving just as quickly as they came, and so we'll see. This of course is a rare opportunity for the institutions to shed some weight. I still hold that the ER numbers were just plain bad news and Hoby is a good dancer.
And the Astro sets aren't compliant with the new Xbox's. MSFT is blowing them off.....but they can still sell the inventory they have for the old boxes, geeeeesssshhhh....this is pitiful.
It's To-shee-bahhhh in Hoby speak. So when they asked him how many computers Toshiba was going to use the Skulcandy logo on, he answered that they are working on that with them and whatever "ONE" they put it on it has to be right for the young irreverant blah blah blah movie , games, blah blah . Frankly it doesn't sound like they got much going on with Toe-shee-bahhhhh.
Hey man, you know I want you to come out whole on this one, but you know, they are all on that same course. It's just that SKUL is years behind nearly everyone else. Koss, as one example and certainly not the best example, has been promoting sports and women for a long time.
I especially got a kick out of one of his answers where he said, "I think everyone understands we're the last ones to enter Walmart". That was classic. The last ones to go thru the Bentonville shredder. I doubt they're the last;; Walmart will replace them in the blink of an eye if they don't submit to their will. But they have to be there to SURVIVE and I've said that long ago and now they've finally relented.....It's a survival measure. And, it proves the point that their in a COMMODITY business...............specialty OR growth.... not specialty AND growth. The two are not compatible.
I do it all the time, but what you are really saying is don't "invest" in a microcap. If you don't have trading skills these are dangerous in both directions because it is so easy to push it around.
Oh sure it was up AH, and I sold short to the so-called "investors". Wait til the morning when the real traders are at their desks.
What's the plan? To keep everybody happy? To let walmart tell the young, irreverant, discount story right along side the specialty stores. This was a concern. And he danced around how they are going to handle that problem.
Yeah I guess he's doing the best he can with what he's got....a company that brands and re-sells a consumer-electronic commodity in a very competitive environment. I'll give you Hoby was making the best of it, but the numbers were bad, the talk was the same ol' tiresome rhetoric full of mixed messages, and the questioners had a tone of concern, disgust, or apathy.
I got short above $9 AH and will sleep like a baby.
Costco came down 3% on heavy volume after their ER today and Staples got pinned to the mat, down like 15%. Layoffs are coming in heavy again. The last thing people NEED are headphones.
A lot of double talk. No clear direction. Reduce SGA and manage to keep Target, Best Buy, and Radio Shack happy after the walmart decision. Right. No one believed that. "Rip off otf the band" aide and "tell the story" are merely empty words.
Talking like a sniper with a shotgun.
A full third of the CC was questions and concerns. The mood was one of disgust.
This could very well gap down. PE is way too high. 10 to 14 cent revs too low. Koss trades at PE of 25. 25 x 14cents = $3.50 share price.
I don't want to give the impression that Charles had any thing to do with single-handedly bringing down SKUL nor should he carry any guilt for the millions of dollars lost by 1000's of working people who depend on such investments to see them through their golden years. He played his part sure, but he did not act alone and there was a shooter on the grassy knoll, we all know that.
He was likely just an unknowing pawn in a game of kings. They used him to accomplish their goal, buy low and sell high, at the expense of the sheeple.