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(Sinclair) Smith Bros. are going into more debt today....

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gavodotcom Donating Member (400 posts) Send PM | Profile | Ignore Wed Oct-20-04 11:37 AM
Original message
(Sinclair) Smith Bros. are going into more debt today....
Edited on Wed Oct-20-04 11:38 AM by gavodotcom
Looks like they've borrowed a bunch of money to throw at their stock.

Check out the volumes. There was a 100,000 share buy earlier today, and a bunch of other big time trades propping the price up to 7.16, or a 14% gain.

http://finance.yahoo.com/q/bc?s=SBGI&t=1d&l=on&z=m&q=l&c=
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zbdent Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-20-04 12:08 PM
Response to Original message
1. Actually, I suggested that Soros get into a
hostile takeover of the Sinclair stations.

Hm, Air America on regular TV.
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lasttrip Donating Member (488 posts) Send PM | Profile | Ignore Wed Oct-20-04 12:20 PM
Response to Reply #1
2. right. i'll buy some stock in a soros station.
that would be huge.

:thumbsup:
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gavodotcom Donating Member (400 posts) Send PM | Profile | Ignore Wed Oct-20-04 12:54 PM
Response to Reply #1
3. Unfortunately, unless the Smith bro's are selling their 95% of the stock.
I doubt Soros can do anything.

Now shorts, on the other hand, can wreak havoc.
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