Sinclair stock plummits again today

[auburngrad82]

http://finance.yahoo.com/q/bc?s=SBGI&t=1d

Someone purchased about 25000 shares of stock at 7.45 before the bell, which was about .16 more than what it closed at in an apparent attempt to raise the stock price. It's now down to 7.18 which is .11 below its opening price. Since Tuesday Sinclair stock has dropped .32. If the Smiths own 95% of the company's stock then they are taking it in the wallets.

[lil-petunia]

1. couldn't happen to a nicer group of thugs.

Wish I had some to sell.

[AmerDem]

2. Is $.32 really considered plummeting?

granted their stock was only worth about $7.50 to start but until we see something in the $5 range I wouldn't consider it plummeting. I do think though if things keep up like they are by Monday Sinclair and it's investors are in deep doo doo.

[auburngrad82]

6. Plummit may be the wrong word

The stock has lost approximately 4.5% of its value in three days. Pretty significant drop, no matter what you call it.

[AmerDem]

11. Yes, very true!

Until it hits $5 ( and I think it will, if things continue as they are now) plummenting isn't a good word.

[ronnykmarshall]

3. Pitty!

[goodboy]

4. good...maybe they can use the stock to wipe their ass...nt

[louis-t]

5. Haaaa! almost fell out of my chair laughing.

I know, it's mid-afternoon nappy time.

[goodboy]

8. I know, I'm working until 3 at my real job, then it's off to Kerry HQ

for office work.


Yeah, that's all their stock is worth...some 1 ply sandpaper ass wipes.

[mzmolly]

7. Gooood!

:toast:

[ima_sinnic]

9. compared to the competition they are a dog anyway

couldn't happen to a nicer company :)

on edit: graph from http://www.smartmoney.com/eqsnaps/index.cfm?story=snapshot&symbol=SBGI

[AndyTiedye]

10. If they try that again, and it generates an uptick, you can SELL SHORT