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SINclair stock swims with the fishes- almost (down -3.54% today)

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npincus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 04:15 PM
Original message
SINclair stock swims with the fishes- almost (down -3.54% today)
http://finance.messages.yahoo.com/bbs?.mm=FN&action=l&board=7083976&tid=sbgi&sid=7083976&mid=7626

ha-f*cking-HA! Wait until tomorrow- the closer it gets to broadcast time, the bigger the dive. Wheeeeeeeeeeeeeeeeeeeeeeeeeee!
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neuvocat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 04:17 PM
Response to Original message
1. That guy is his own worst enemy.
Its amazing the damage he's doing to himself.
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HFishbine Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 04:18 PM
Response to Original message
2. It's oversold
Look for it to climb on technical reasons in the short term, but it definitely hasn't bottomed out for the year yet.
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yankeedem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 04:18 PM
Response to Original message
3. Want to mess with Sinclair?
http://www.milbergweiss.com/

These people specialize in shareholder lawsuits. Putting partisanship ahead of profits, resulting in a stock price dip, is grounds for a class action suit. These people THRIVE on them.
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mom cat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 04:19 PM
Response to Original message
4. Watch them go down the
:hurts:...:evilgrin:
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Reciprocity Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 04:20 PM
Response to Original message
5. Nice graph
Edited on Tue Oct-19-04 04:22 PM by Reciprocity
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Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 04:21 PM
Response to Reply #5
6. Good time to buy
you know its going to go back up
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MasonJar Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 04:23 PM
Response to Original message
7. Buy the stock of those scum?
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Kierkegaard Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 04:23 PM
Response to Original message
8. Is this something new?
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Reciprocity Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 07:58 PM
Response to Original message
9. More
This is the prime example of why no one person/company should own more than one network/newspaper. It gives them the power to unduly influence the outcome of an election.

Some more good news.

Sinclair: Show focuses on influence of documentaries on elections
<snip>
Shareholders, meanwhile, challenged Sinclair's plans Tuesday, saying the flap over the controversial broadcast may hurt their investment.

Attorney William S. Lerach said he planned to sue on behalf of shareholders, alleging insider trading by top executives as well as damage from the decision to air the film. Media Matters, a media advocacy group, announced it was underwriting the costs of a shareholder action demanding equal time for opposing views.

And New York Comptroller Alan Hevesi sent a letter expressing concern to Sinclair on behalf of the state's pension fund, which owns shares in the broadcasting company.

Sinclair shares dropped more than 3 percent Tuesday, falling 23 cents to $6.26 a share on the NASDAQ market. Sinclair stock dropped about 8 percent on Monday, and is down from a high of more than $15 a share in January.
For more
http://www.newsday.com/news/local/wire/ny-bc-ny--sinclair-sharehol1019oct19,0,4150871.story?coll=ny-ap-regional-wire

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shivaji Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 08:24 PM
Response to Original message
10. Even Randi Rhoades recommends buying a few shares
but seriously, this stock is looking dirt cheap, and
a quick profit could be had by some bargain hunting.
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realcountrymusic Donating Member (999 posts) Send PM | Profile | Ignore Tue Oct-19-04 08:27 PM
Response to Reply #10
11. SHORT IT

It ain't goin back up soon. Quite aside from the SwiftVet shit, some serious insider trading seems to have come to light thanks to all this scrutiny.

Do NOT buy this stock to make a quick profit. Mark my words. I'm the guy in my family who decided the game was too rich for my blood in February 2000, when the NASDAQ hit 5000, and sold everything. My broker told me I was nuts. Now he asks me for advice. I'm not a genius, but my gut instincts are good.

RCM
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