SKLN has just come off a major fall of its stock by like 90% and is now starting to climb back up.
The big thing with SKLN is that they have over $1.25 per share in CASH. Even though they have approx 8.5 million warrants and options outstanding - the average exercise price is over $4.65 which is way out of the money. They only have approx 5.5 million shares outstanding which makes this stock super tight.. Just a little buying on SKLN stock has the potential to make big moves.
Stock closed at the top end of the Candlestick today.
I see this moving back up into the $1.00 - $1.45 range in the very near term.
Happy Trading!!
Posted Mar 15, 16 9:16 PMbyAZBanker
Tickers
SKLN
Received 3 Karmas
@thebudd3 I believe we've already seen the bottom after today's action and uptick movement
With $1.25 in cash per share and the stock trading at $0.26 - I think its extremely promising!! Plus, its already up another 7.31% in after hours trading. Lastly, whatever shorts were in this stock at the $2's and $3's are probably out by now and made a nice tidy profit...
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