They still have tomorrow to redeem themselves. A close above $1.00 for week would indicate that the support of a dollar is holding. If it doesn't then the next support line is the 200 day EMA at around 0.85. If prices closes below that on a weekly basis then the long term trend has most likely revered to a downtrend.
Entercom is testing a new 52 week high today, after a decent earnings report yesterday, and solid guidance (pacings up 7% in Jan/Feb).
I hope I know what I'm doing, but I nearly DOUBLED my Emmis position today...buying a lot in the 82-86 cent range.
I would THINK a bounce back to $1.15-1.25 seems in order. Again, with radio ad revenues DECIDEDLY turning up, it's hard to see the banks "walking away" here. Isn't Smulyan appropriately "connected," considering he has "the Senator's wife," and "the ex-Governor's wife" on his board of directors??