Why is Sinclair stock up??? It looks like .63 up...

[movonne]

[Worst Username Ever]

1. Because they are no longer going to show the whole kerry film.

Just snippets in some other documentary. Still lame.

[951]

7. Nope they are still going to show a shoter version of the same film

[Bernardo de La Paz]

2. Sinclair cauterized the bleeding by withdrawing the smear film

Sinclair cauterized the bleeding by withdrawing the smear film in favor of excerpts within an hour "news" show.

[tridim]

3. Because the investors are stupid

They are still going to show much of the doc, they're still being sued on multiple fronts, the CEO still visited hookers, they still have billions of debt and they're still fascist Bush enablers.

[chimpy the poopthrower]

4. At first I thought it was because people are dumb-asses.

Now I wonder if Sinclair is manipulating its own stock. Remember that Sinclair execs sold a lot of their stock when it was at $14. Maybe they're buying it up now to buoy up the company and to also get a good bargain basement deal. Or maybe some big shot Republicans are buying it up for the same reason they buy Coulter's books in bulk buys.

[MsUnderstood]

5. In the political world

They call this a distraction.

Let's not talk about the ful vacination, lets watch sinclairs stock move up and down the chart. . .

[On the Road]

6. Either a Dead Cat Bounce or Covering Shorts

Some investors look for undervalued stocks that have declined. With the publicity SGBI has gotten, it's probably drawn a few of these types.

There was also about 4% short interest in SGBI. When these shorts are covered, the stock will shoot up. Not necessarily a permanent effect.

The company may be surreptitiously buying back their own stock, on the theory that it's undervalued, but in reality partly to give them a stronger hand with dissident shareholders.

There's also the theory that analysts and traders feel that Sinclair's backing off Stolen Honor will eventually defuse the situation and make it a better investment.