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Emmis Communications Corp. Message Board

  • jeffreytobias90 jeffreytobias90 Nov 23, 2010 10:24 PM Flag

    3995 shares for .56 average for 2.237.20

    I knew 2 months ago,to start Accumalating and i did 4 times at Cost-Average of .56 cents for $2.237.20. Since 2 Weeks ago,its Zoomed from .50 to .65.Its because i believe in EMMS,and the Company for 31 years.Because its almost ,HANNAUKA next week,i only believed it would start moving to keep it above 1.00 for 30 days straight.Its happened before and never lost a dime.Then Nasdaq will say it has conformed by keeping EMMS,up 30 days straight.Well im buying 830 more for 539.50.Thats almost 4000 shares at cost-Averaging which i learned 29 years ago.Well,fear if you want,i know what im doing personally.Making out like a Bandit.Happy holidays,JT.
    PS -THE REST WHO ARE PARONOID CAN LOSE THERE CHANCE BUYING A UNDERVALUE STOCK,OR DISTRESS MAY I SAY.

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    • Well, one reason to "believe" in it is because all of the CEO's "connections" out there. Granted, banks are tighter than they were, but with continued growth expected for radio revenues, I don't see why he won't be able to find someone to keep the financing going, even if the rates should go up. Which probably makes the common worth considerably more than 60 cents, 6-18 months from now...even if it's "only" $1.00-1.50...that's a pretty solid return from here. And a bounce to even 80-85 cents could come in January, imho, which would be a 35-40% return from here, and dramatically higher on an annualized basis. I could be wrong, considering the leverage risk, but now definitely seems to be a time to be buying to me...taking advantage of tax loss selling, Alden getting out....and any remaining arbs getting out. Buy low sell high. Be a contrarian.

    • Wow, a religious day trader!

 
EMMS
2.83+0.02(+0.71%)Jul 9 4:00 PMEDT

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