Sinclair down 8.81% in one day on 3 times normal volume

[cosmicone]

http://finance.yahoo.com/q?s=SBGI&d=t

and the day is not over yet!!

[Tropez]

1. Down 9.23%. Good. That makes me happy.

[BootinUp]

2. I guess its too much to hope for

I mean David Smith jumping out the window.

[Eurobabe]

3. JP Morgan just intiated coverage on them

stock is listed as UNDERWEIGHT, what does that mean?

[Craig Roberts]

6. I'm not sure

but I think it means they are performing below expectations, based on some of the other ratings.

[Amigust]

8. I think it means sell some if you have very much.

With an hour to go, the volume is running at only slightly above average, so it's not a rout. Just insufficient buying to overcome the selling.

[Seabiscuit]

18. It means they're "FUCKED"!

[6th Borough]

34. An underweight stock is expected to perform worse than the sector as...

...a whole. It doesn't mean that the price will not rise; it is forecast to underform within its industry/classification. In other words, it isn't quite a sell if investors are very bullish on the sector as a whole. It certainly isn't a buy though; an underweight company is expected to lag behind within its industry. A hold if the sector is performing at a torrid pace; usually a sell otherwise.

Hope that clears it up :crazy:

[nolabels]

51. Will you stop releasing the salami?!

The Euphemism Generator
Hit "Reload" for ENDLESS FUN.

Will you stop
releasing the salami?!


The Euphemism Generator can create up to 198,211,143 unique phrases!
But there's always room for more.
(snip)
http://walkingdead.net/perl/euphemism

Yep it cleared it up, obscure verbiage of Wall Street, someone should write a book :donut:

[natrat]

45. sweet ...maybe some big

money from the good guys shorted this pos to get the panic rolling down

[Atman]

4. Down 9.38% when I checked!

nt

[aquart]

5. It could go up tomorrow, but this is delightful.

Dare I hope the family owns the stock on margin?

[AndyTiedye]

23. You Can SELL SHORT on an Uptick

[kerryin2004]

7. I can't believe it has stayed above 6.

The stock was shit even before they decided to air the kerry smear.

[richmwill]

9. Bwahahahahahaha

Is it too much to hope for that this causes a serious crimp in the family's finances?

[aquart]

10. They've bounced back some.

[ozymandius]

11. Short traders are cementing their bids

We are probably very close to where the share price will close.

Last Trade: 6.50
Trade Time: 3:21PM ET
Change: -0.54 (-7.67%)
Prev Close: 7.04
Open: 7.01

[Amigust]

17. Volume nearly twice the average at closing.

Picked up a lot during last hour, though it didn't drive the price lower during the same time. Looks like some folks thought it was cheap enough to buy some.

http://cbs.marketwatch.com/charts/int-basic.chart?siteid=mktw&symb=SBGI&sid=14752&time=3&startdate=&enddate=&freq=7&comp=&compidx=aaaaa~0&uf=0&ma=&maval=&type=2&size=1&lf=1&lf2=&lf3=&style=1013&mocktick=1&rand=66707789&siteid=mktw

[acmavm]

31. Like the Sinclair family maybe?

.

[VegasWolf]

12. Just short sellers playing a game!

[crispini]

13. Eee hee hee hee...

Sinclair made TheStreet.com's "Five dumbest things on Wall Street this week."

http://www.thestreet.com/_yahoo/markets/dumbestgm/10188019_3.html

"What we do know is that Sinclair's desire to inform the public -- or what critics call an illegal, disguised political contribution to President Bush -- could have some unintended economic consequences. Maybe. "

...
Two points we might bring up, though. One, Sinclair is already hurting; the company lowered third-quarter guidance, citing auto advertising weakness and ad cancellations stemming from hurricane season.

Two, Sinclair is due to report third-quarter earnings on Nov. 4, two days after Election Day. However the presidential election turns out -- assuming we'll even know how it has turned out by then -- we wouldn't be surprised if that day's earnings call is a little noisier than normal.

[Xipe Totec]

14. Number 4 on The Five Dumbest Things on Wall Street This Week

"Will Sinclair Broadcast Group have an effect on the presidential election? Or will the presidential election have an effect on Sinclair?

(snip)

Some of Sinclair's critics on the left are trying to hit the company where it hurts: The wallet. The Web site www.boycottsbg.com, for example, is compiling listings of Sinclair's local and national advertisers; the idea is to pressure these companies, with the threat of an advertiser boycott, to pressure Sinclair into pulling the documentary. Another site, StopSinclair.org, has also sprung up."

http://www.thestreet.com/_yahoo/markets/dumbestgm/10188019_3.html

[realFedUp]

15. Would be nice to mobilize on selling media stock....

specially Viacom, Disney, GE, Microsoft, Tribune...

[xultar]

16. Shouldn't we buy SBC stock so we can sue them a stockholders for

bringing the stock down with their republican propaganda?

[BrotherBuzz]

22. You only need to own one share!

A mere six buck investment! For what it's worth, I think this was how Michael Moore got into the GM stock holder meetings in the film "Roger and Me". ;)

[xultar]

27. I'm gonna buy mine Tuesday! n/t

[BrotherBuzz]

36. LOL, wait another day or two for the real bargin

I suspect it'll be close to three dollars by the end of the week. ;)

[Starlight]

41. You don't want to create demand for the stock.

That will cause the price to rise. We want it to drop like a rock. :)

[strizi64]

19. yes......

< snip >

NEW YORK (CBS.MW) -- Shares of the controversial Sinclair Broadcasting Group slipped almost 8 percent Monday in the aftermath of the political firestorm that the company created last week.

Sinclair's stock (SBGI: news, chart, profile) fell 55 cents to $6.49.

The shares dropped amid fresh concerns on Wall Street, with analysts fretting over what looms as a loss of advertising revenue for Sinclair. Some securities analysts, who demanded not to be quoted on record, said that they're concerned about the potential development.

Sinclair, which owns the largest chain of TV stations in the United States, had told its stations to broadcast a documentary that accuses Democratic presidential candidate John Kerry of betraying American prisoners during the Vietnam War.

< end snip >

http://cbs.marketwatch.com/news/story.asp?guid=%7B8818E087%2DA326%2D4977%2D911E%2DCF6ACCB2B203%7D&siteid=mktw

[mccormack98]

20. Lehman Bros downgraded them. Wonder when the lawsuits begin.

Sinclair Execs setting themselves up for a class-action lawsuit.

[OutsourceBush]

21. Sinclair dumb asses

They are breaking the number one rule of a good Republican, to make money! lol

[Lizzie Borden]

24. Keep it kicked.

:kick:

[Chicago Democrat]

25. KEEP THOSE EMAILS COMING TO THE ADVERTISERS!!!

Its our only way to influence these Bastards!

[catrose]

26. WHATABURGER has pulled advertising

I just received an email from Whataburger saying that they repeatedly asked Sinclair to tell them how the broadcast wouldn't violate FCC and FEC regs. Getting no answer, they decided to pull ALL their advertising because they could not address their customers' concerns.

I know where I'm eating lunch tomorrow!

[okTracer]

33. Great News!!! Thanks WHATABURGER!!!

[jdj]

37. That is Fabulous!!!

Good news.

[natrat]

46. we will settle for nothing less than

BANKRUPTCY !!!!!!!!

[txindy]

53. I got my email from them today

Thank you, Whataburger! Pepsi sent one, too. :toast:

[cosmicone]

28. E-mailing advertisers in massive numbers

should be done to both kinds.

While we deluge the "bad" advertisers with boycott e-mails, let us not forget the "good" advertisers so we can deluge them with e-mails showing our support and that we'll use their products/services preferentially.

Can someone on DU compile a list of the "good" advertisers as well?

[jdj]

39. I've been trying to do the one click boycott, I just got it to work:

http://www.grassrootsnation.com/sinclair

[truthisfreedom]

49. hrmm. not me, i get this:

Not Found
The requested URL /sinclair was not found on this server.



Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.
Apache/1.3.31 Server at grassrootsnation.com Port 80

[symbolman]

29. Here's a flash attack ad I did to support the cause --

All the links are clickable and will help with this cause, use this please and pass it around, the more people that get it the more damage we can do to those bastards!

Turn up your speakers and get the word out with MEDIA as well..

Don't forget to WRITE to the Advertisers that have folded and THANK THEM -- when we did our Limbaugh Boycott we found that that is what helps them feel like they did the right thing..

Here's "Our Media is Broken"

Hope you like, my pleasure...

http://web.takebackthemedia.com/geeklog/public_html/staticpages/index.php?page=20041013042650709

[cosmicone]

30. Great ad! n/t

[Chicago Democrat]

32. You're Unbelievable!!! WOW

My goddess....

You know what is sexy? A super slick activist hip savvy person like YOU!!!

I love you and thank YOU... that rocked

[Maya29]

35. Sinclair Employee Fired For Protesting "Propaganda" film...

I was just watching CNN -360...A Sinclair employee was fired today for protesting the airing of that smear film on 62 stations. He is on Paula Zahn in a few minutes.

[jdj]

40. That is UNBELIEVABLE IN A GOOD WAY!!

that is one fine piece of work, and I love that song!!

Muchas Gracias, symbolman!

[NVMojo]

43. very cool! i'm passing it on!!!

[ace2u_in_MD]

38. Well, all i can say...

Is that short selling Sinclair netted The Kerry Camp, The DNC and MoveOn some nice contributions today. A check was delivered to a Kerry office in Maryland (where Sinclair is located) with a story on just how the money was made.

Next, if the blood is still in the water in the morning, is enough for tickets to the Inaugural Ball. I hope to clear another 3k tomorrow.

And I owe it all to Freeperville and their plan to buy up the Vote for Change tour tickets, scalp them, and give the money to Bush. They talked. I acted...

[Starlight]

42. Great job! n/t

[NoMoreMsNiceGirl]

44. Keep this up and they will be airing f-911 FOR FREE

Instead of playing an obvious lie against the greatest documentary ever created by the worlds greatest author and altruistic Democrat the USA has ever seen.

Michael Moore for President in 2000x !!!!!

[natrat]

47. idiot ceo may

have to borrow money now to pick up hookers

[truthisfreedom]

50. borrow money for hookers! bwahahahahahaaaaaaaa!

idiot ceo is right. what a schmuck!

[WhiteCross]

48. What is the price of hate?

$300 million.

The Smith family, collectively, own 30M shares. The stock is off almost $10 per share from its high of $15.43 in January. Imagine the good that could have been done in their lives, in all of our lives for $300 million.

[loudsue]

52. Hi WhiteCross! And Welcome to DU!!!

Yep....karma is nasty when you do the WRONG thing. The Smith family let their greed get ahead of their integrity. Too bad!! They had it coming.

It's as if the neocon media in this country isn't ENOUGH of a propaganda tool, these guys just had to try to rub everyone's noses in the mess. But this dog BITES!

:kick::kick::kick:

[struggle4progress]

54. Bozo's in control ...

"There has been a misunderstanding of what our intention was ... in part because it wasn't clear to us what our intention was."
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x917805

Investors just love hearing that management has bumbled into a controversy without having the faintest idea about what it was trying to do ...