Skullcandy Inc. (SKUL)

[straightsix]

I agree, the company seems to be pretty stupid, but I'm skeptical. I'm not just a hopeful bagholder, I've averaged down and plan to trade appropriately.

Yes, EVERYTHING points to this thing going down, but think about it.

CEO leaves after SKUL is downgraded, causing the PPS to tank further. He has no reasoning for why he's leaving, he said he is excited for when he returns. He went to work with Mitt Romney's son for a hedge fund in boston.

Look at the insider transactions as the PPS tanks this year:
http://finance.yahoo.com/q/it?s=SKUL+Insider+Transactions&desktop_view_default=true

Look at the PR's released to help the PPS from tanking:
http://finance.yahoo.com/q/p?s=SKUL&desktop_view_default=true

There have been 10 filings for 10 insider sells. They account for 500k shares. They still hold 10.95M shares. What's with the automatic stop loss sales for small amounts of shares? Are these guys broke? They need some money to party? They've paid themselves well, I doubt it. The CEO void + the founder/ex-CEO going to work with Romney... I don't buy it. Something is up. The PPS is down this hard from only months of shorting...