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Skullcandy, Inc. Message Board

onepoint272 108 posts  |  Last Activity: 8 hours ago Member since: Apr 9, 2011
  • onepoint272 onepoint272 Apr 26, 2016 8:41 PM Flag

    I suspect that you don't even know the meaning of bag holding. Bag holding is a term that goes way back into the 1920's at least.

    Bag holding is when the smart money issues bad news at support to scare the public into selling. The smart money holds their bag under support and lets the cheap shares flow in.

    To call someone a bag holder is putting them into the category of the smart money.

    Get a clue.

    Sentiment: Strong Buy

  • Reply to

    Huge Opportunity

    by midas360 Apr 25, 2016 10:53 PM
    onepoint272 onepoint272 Apr 26, 2016 1:55 PM Flag

    craigy, you poor little ignorant and gullible man. Isn't it obvious that all that you can know about GPRO is what they want you to know. Do you honestly believe that the media and even the company itself gives out free advice for your benefit? You can see for yourself that yesterdays route had no follow through. Odd, isn't it?

    How can you stand there and let them continually punch you in the face and ask for more? Forget the news; it is twisted; spin; worthless and harmful, unless filtered through a thinking skeptical mind. Get a clue and just follow the money.

    Sentiment: Strong Buy

  • onepoint272 onepoint272 Apr 26, 2016 12:28 PM Flag

    The structure of the price action suggests that the big guys already know and that they are not skeptical.....just follow the money.

    Sentiment: Strong Buy

  • Reply to

    Huge Opportunity

    by midas360 Apr 25, 2016 10:53 PM
    onepoint272 onepoint272 Apr 26, 2016 12:17 PM Flag

    Your logic is based on incomplete information. We are all members of the great unwashed; the un-informed. What we may think of the company and its performance have no bearing on stock performance. Once you admit that you are ignorant and turn away from darkness, only then can you come into the light.

    If you are in a short position you are playing right into the hands of the CM. Just a fair warning.

    Sentiment: Strong Buy

  • onepoint272 onepoint272 Apr 26, 2016 12:02 PM Flag

    Thanks for your input Nvest4future. Here is how I have my daily marked up for your comments:

    PS - Jan 14 @ 11.26
    SC - Feb 4 @ 9.01
    AR - Feb 8 @ 11.69 [and/or Feb 18 @ 13.42]
    ST - Feb 11 @ 9.95 [and/or Feb 25 @ 11.01]
    End Phase A - Begin Phase B
    UT - Mar 4 @ 14.84
    Phase C - Apr 8 to Apr 13 (SOS)
    JOC - Apr 13
    BUC - Apr 26 (today)

    JOC = jump over creek
    BUC = back up to creek

    You said you like to buy in Phase C; I agree but I'm saying C has already occurred as noted above and your buy yesterday or a buy today is the 2nd best buy spot. So I'm thinking of adding here. Appreciate any comments you may have.

  • onepoint272 onepoint272 Apr 26, 2016 1:18 AM Flag

    Ah, you were testing me. Yeah, I do recall that Pruden, Fraser, and Roman Bogomazov use CO. I started using CM because that's what Gary Fullet used and actually if you look on page 9M-2 of Wyckoff's course he says:

    "Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it."

    CM or CO; same guy.

    Wow, so you were formally trained by Pruden. I'd like to stay in touch with you. I was introduced to Wyckoff by Fullet but have picked stuff up the hard way reading whatever I can get my hands on including those mentioned and Jim Forte and David Weis.

    I must say I'm encouraged by your buy. No concern about the supply that came in?

  • onepoint272 onepoint272 Apr 25, 2016 2:08 AM Flag

    The "CM" stands for "Composite Man". A term coined by Richard D. Wyckoff to represent the aggregate of all large operators in a stock issue. These are the ones with huge capital that need public fear and greed (selling and buying climaxes) to put on a majority of their position. The remainder of their position is put on during a trading range, either an accumulation or a distribution trading range. They may be very wealthy individuals, banks, insurance companies, hedge funds, and institutions. However, not all hedge funds and institutions are in the CM group.

    They stop trends and establish trading ranges and for the most part only operate in trading ranges. Public specs and funds for the most part operate in mark ups and mark downs. Mark ups occur because the CM has absorbed the majority of shares available for trading; the supply. By locking up or controlling the supply he makes the stock difficult to buy and the prices rise. During a mark down the stock has been distributed to the public and since the public can't control the supply, price falls.

    Sentiment: Strong Buy

  • Jan 14 - Climatic public selling - CM absorbs down to $11.26, followed by ~2 weeks of absorption where the supply dried up.
    Feb 4 - CM used ER to shake out more public to a low of $9.01, followed by an auto (short-covering) rally. The shorts recognized the CM has taken a significant position.
    Feb 11 and 12 - The price moves back down to test the previous area of large supply. The low print only reaches $9.95 as the supply for sale dried up. Thence the price shot up on increasing volume confirming a change of behavior from the preceding downtrend.
    Feb 18 - The price reached a high of $13.42 whereupon the CM began selling as evidenced by the low-end close. $13.42 marks the top of the trading range and the point where the CM was willing to take the opportunity for some short term profits. He did not sell out, he only sold a small portion of his position mainly to shake out the public (weak hands) parasites who hopped on board during the recent rally.
    Feb 25th - The price retraces to a higher low of $11.01 on decreasing volume. Below $11 there is now inadequate supply to satisfy the CM demand.
    March 4 - the culmination of another rally to a higher high of $14.84 whereupon the CM again squashes further upside. The CM is simply not ready to allow the price to move higher. He needs to accumulate more shares and shakeout the weak hands. The price will thence trades in the higher range (above $11) for 5 weeks where the CM is accumulating shares.
    April 12 - The last spring before mark up. The price springs under the lows of the previous 2 weeks but shows no supply (the volume is tiny).
    April 13 - a sign of strength where price rockets on 4 times normal volume; a demand bar. The CM has tipped his hand showing that he has been accumulating.
    April 19- price can only retrace 1/2 of the demand bar and the supply dries up. The CM continues to absorb all sellers. A breakout above $14.35 will confirm markup and where a meaningful (piggish) position should be taken.

    Sentiment: Strong Buy

  • Reply to

    Omni Expensive But 360 Video Looks Impressive

    by gulf_man_22 Apr 23, 2016 3:17 PM
    onepoint272 onepoint272 Apr 24, 2016 1:39 PM Flag

    You need a clue. Does your mother act like you?

  • Reply to

    Omni Expensive But 360 Video Looks Impressive

    by gulf_man_22 Apr 23, 2016 3:17 PM
    onepoint272 onepoint272 Apr 24, 2016 12:48 PM Flag

    Thanks. Maybe he's not done yet. But like I said, the last insider trade of any significance was way back on August 10th. The few beyond that have been token sells which I would posit were made to make the stock look unattractive to the public. Why would they want to make it look unattractive to the public? To get their shares obviously.

    As I've said elsewhere it is necessary to get most of the public out of the stock so that the big guys can control the supply of stock available for trading and thus by the law of supply and demand, cause the price to rise. And if you look at the trading-volume-trend since the first climatic stopping action back on January 14 you would note that the volume has generally been declining; there has been a general decline in the supply of stock available for trading; a hallmark of absorption, of accumulation. Accumulation is always followed by a mark-up phase.

    Once the public marks up the price again and there is a buying frenzy; then the big boyz including perhaps Mr. Gilhuly will begin selling to them again. Right now they have no significant market for selling without causing a price decline. It is not in their best interest to sell now. "Don't you see, Potter's not selling, he's buying" --- George Bailey (It's a Wonderful Life).

  • Reply to

    Omni Expensive But 360 Video Looks Impressive

    by gulf_man_22 Apr 23, 2016 3:17 PM
    onepoint272 onepoint272 Apr 23, 2016 11:22 PM Flag

    The last major sale was back on August 10, 2015 by Director Edward A Gilhuly at $65.23. Anyone who bought at that price or above and may be wondering who benefited from their loss needs to look no further than this character. Between November 2014 and August 2015 he sold just over a quarter $Billion worth of stock ($255M). Who is this guy; one of the original sponsors?

    So if you look at the long term chart you would see that his sells were well timed and likely coincided with the release of good news. I wonder if these kinds of shenanigans occurred when the income tax cap rate was 94% instead of the current 34% pre-Ronald Reagan.

    Anyway, this guy is done; he's made his multi-generational fortune. He transferred his stock to the public and the public in turn took the loss and transferred their stock to a new sponsor. This new sponsor intends to take the stock price higher....of course.

  • onepoint272 by onepoint272 Apr 22, 2016 9:43 PM Flag

    Today, there was a big increase in volume as a result of ER circus and it pushed a bit lower, but it closed above midrange. It should have tanked on that volume.....but it didn't..... The big interests found an opportunity to buy from the fearful public herd. The big boyz started accumulating this in a big way back on August 24, 2015, and then again on Sept 24th, 2015 and have been accumulating ever since. The trend is now clearly up and all the news will be good news.

    Sentiment: Strong Buy

  • Reply to

    No more luck tomorrow

    by chidragon38 Apr 21, 2016 6:52 PM
    onepoint272 onepoint272 Apr 21, 2016 9:14 PM Flag

    Hmmm, you've had 6 days to take it down since the sign-of-strength bar on April 13th but haven't even managed to take out 1/2 of that day. Looks to me like your position is suffering from "lack of supply after buying". Looks more like it is cocked and ready to fire at the $16 or $17 targets near term.

  • Reply to

    Mark Up

    by onepoint272 Apr 20, 2016 10:13 AM
    onepoint272 onepoint272 Apr 20, 2016 4:29 PM Flag

    My assumption is that "something" was known and decisions made to take big stakes in this months ago, in January. So, the "something" you saw this morning was, if anything, some junior tute or fund finally figuring out that the big dogs are ready and its time to move on this one.

    Sentiment: Strong Buy

  • Reply to

    Mark Up

    by onepoint272 Apr 20, 2016 10:13 AM
    onepoint272 onepoint272 Apr 20, 2016 4:16 PM Flag

    Well no, the supply was shrinking under the assumption that the stock was being absorbed by strong hands and therefore taken out of the float available for trading.

    Increased demand is not necessary if supply is controlled.....price will rise with small demand.

    Demand was already proven on April 13th. In other words the big interests showed their hand on April 13th that they had been accumulating and control the supply of stock available for trading and are now or near ready to let it break out. That buying on April 13th must have been initiated by them. The public doesn't really know what is good news; they merely follow the lead of the big boyz; the public reacts to price action, they don't initiate.

    It's looking pretty good I think. Less

  • onepoint272 by onepoint272 Apr 20, 2016 10:13 AM Flag

    So what do you know about that? The first 40 minutes of trading takes back nearly 2 days of declines. No news, nothing but a lack of supply. Without supply, with no one selling, the price has to rise to find a supply of stock for sale.

  • Reply to

    short interest is still way too high.

    by borgors Apr 19, 2016 1:47 PM
    onepoint272 onepoint272 Apr 19, 2016 3:22 PM Flag

    Nice buy....low $11s. My target is based on a point and figure count giving $27.50 which is close to the 28.65 IPO open.

  • Reply to

    Bully

    by onepoint272 Apr 19, 2016 11:20 AM
    onepoint272 onepoint272 Apr 19, 2016 3:12 PM Flag

    With 5.67 hours of trading and 50 minutes to go, the daily volume extrapolates to 5.3M, way less than yesterday's 7.0M and down to levels just before the sign-of-strength bar. The boyz must be close to getting the residual supply all mopped up.

    Sentiment: Strong Buy

  • Reply to

    Bully

    by onepoint272 Apr 19, 2016 11:20 AM
    onepoint272 onepoint272 Apr 19, 2016 2:30 PM Flag

    In physics momentum is defined as mass times velocity. So the faster something is moving and the heavier it is results in increased momentum. In chart analysis this can be likened to price spread and volume. Consider the recent retracement in GPRO the last 3 days. It appears that today the price spread as measured from closes or low-of-days will decrease. Also, the volume looks to be decreased. Thus the downward momentum is shrinking and a turn is eminent.

  • Reply to

    Bully

    by onepoint272 Apr 19, 2016 11:20 AM
    onepoint272 onepoint272 Apr 19, 2016 12:36 PM Flag

    It has taken 4 days to retrace 1/2 the sign-of-strength bar. Starting about 11:50 eastern time they ran the stops under $13 and found a fair amount of supply to buy and lock up. The first 3 hours of trading volume of 3.26M extrapolates to about 7.0M by the close; about the same as yesterday. I would venture though that the volume will dry up this afternoon now that the $13 stops have been run.

SKUL
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