3SOF

As always Smanatha, your reasoning and analysis makes perfect sense.  I agree, that until this concept is a proven success (and it may or may not be) in terms of recurring revenues (not forgetting the possibility that it could be a fad thing too - 6 months of the latest cool thing that gets chucked in the bin when the next cool thing comes along), Skins will be nothing more than a concept and a VERY speculative stock.

My advice would certainly be: if you've made some money on this stock in the past, be happy.  If you're eying it up to pick a bottom be VERY careful, and wait until it does something bullish before buying.  Oh and finally, keep any trading plans strict and short term until it shows you that it wants to go higher than recent trading - I think it needs to get above 2.35-2.40 resistance to show me that, at least.

any reason for the sell off 

OK ... La-Onda

Love you...

I saw this when you posted it ... hoping others would hop on. Now I just can't resist. But before I tell you how much I hate the shoes and their concept ...I just have to ask ... WHY do you like the company, it's shoes and it's stock??

Again ... I love you ... just need to know if you're long/short or fashion "challenged"?
-Sam

Seems like it was just a technical breakdown, out of a triangle pattern to the downside.  Plus if you look at their financials it still doesnt seem like they are selling much but hot air.  I have them on my watch list and was somewhat tempted to buy when it hit below a dollar but I didnt pull the trigger.  Will keep it on watch. 

I guess I would feel better if I knew they were on shelves near to me and I could go see the shoe in person to see if they suck as bad as Sam says lol 

Hi Sam,
I never falled in love with this stock  (and never bought shares) 
Just still wondering if there is other reasons for the gap down ?


SKNN: New 52-Wk Low @ $0.930 dn 20.51%
Friday , April 27, 2007 13:45ET
This is the 1st 52 WEEK LOW alert for SKNN in the past 7 calendar days.
The share price for Skins Inc. (OTCBB: SKNN) reached a new 52-week low today, trading at $0.930, down $-0.240 (-20.51%) from its previous close of $1.170.
The Company's previous 52-week low of $0.950 was set 282 days ago on July 19, 2006.
Eleven months ago, the Company's shares closed at $1.250. The price has declined more than 25 percent since then. At the time of this alert, the stock had traded 475,600 shares via 290 trades, 141.58% above it's 20day average of 196,872 shares.

This new 52-week low currently puts the stock:
36.48% below its 20day Moving Average of $1.464
41.89% below its 50day Moving Average of $1.600
50.70% below its 100day Moving Average of $1.886

The Company last released news on April 18, 2007:
"Skins Inc. Announces Launch of New Skinsfootwear.com Consumer Website"


cheers
Oliver

Tokyopua ... I've loved our banter on this one ... it's good. You keep me technical ... I keep you logical. hahahahha

La-Onda ... or should we call you Oliver? WAIT! You're a guy investing in shoes ..... hahahhah sorry..

Personally ... The shoes ... well ... they speak for themselves. I would suggest you short them ... but the stock is going to be a pennie here any second... so I wouldn't advise that...

I think that what this stock is trying to teach us is that we need to know what we're investing in - short or long. AND ... that for all the technical analysis we do ... there needs to be an indicator for common sense. The shoes are ugly. Go into your damn closet ... put your cute little nose in a pair of your sneakers ... and tell me if you think there's anything there that's worth pulling out and taking to another shoe. Um ... no... in my case at least.

It was a good rumor ... I think it's nothing more.
Now ... I'll hold my Serena/Bitchin Betty tongue as long as I can ...

But I have to warn you ... sometimes I can't help myself...
-Sam

Bounce time : JMO

Chart up date

Hello Penny Traders!!!

Resurrecting an old favourite from the closet. Why? Because it looks like it is setting up a lovely low risk (relatively this is a penny stock) high reward play.

I am going to trade this using a 3Stocks trading approach we call STEPS (Short Term Explosive Performance Small caps  I traded SKNN before using this exact trading approach, you can view it earlier on in this thread. In fact I have the trading rules in a .pdf format. I'll see if we can make it available.

Anyway, for now here is the chart. No enty yet, looking for the first entry on reversal of the current pullback. I am targetting 100% return if this set up plays out correctly. That means exiting around $0.90c which is coincident (nicely) with the 200 day SMA.

This is what I am looking at:
Step 1 The Trigger. A volume and price explosion.
Step 2 The Pullback on lower volume.
Step 3 The first Entry (on or day following reversal bar).
Step 3 Entry #2 a buy stop entry set on breakout above the trigger day open/close whichever higher
Step 4 The Run

no news, up 6% 

Hey La-Onda, no news is good news


Based on STEPS the pullback step has confirmed reversal, so I will be entering half a position in SKNN today. The set up looks as perfect as it can be. In my earlier post I mentioned this as a relative low risk play, this is because the pattern is in close proximity to ascending support line (red) and the short and medium term moving averages I use.

I will have a 2nd entry on the breakout of the $0.52 area for my full position.

 

Quote from: AussieTrader on April 09, 2008, 02:14:31 AM
Based on STEPS the pullback step has confirmed reversal, so I will be entering half a position in SKNN today. The set up looks as perfect as it can be. In my earlier post I mentioned this as a relative low risk play, this is because the pattern is in close proximity to ascending support line (red) and the short and medium term moving averages I use.

I will have a 2nd entry on the breakout of the $0.52 area for my full position.

This set up has played out perfectly thus far. Just hope the RUN happens......For ow an updated chart.

Applaud! AussieTrader

Thanks for the lesson. I did not trade but appreciated the chart and explanation.

Hey Houlahan, thanks,

But in reality just following a plan can make anyone look like they know what they are doing

I was just following the plan, in this case STEPS.

I am actually on holiday for this week and just popped into a cafe with access to update. I closed out two thirds position Friday just after the open and the rest I have on a stop currently set just below ascending support.

I closed this out a bit quicker (but still used my STEPS exits rules) because I knew I'd be at the beach .

See all in a week or so.