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Emmis Communications Corp. Message Board

  • sensaybooo sensaybooo Mar 23, 2011 2:10 PM Flag

    Just bought more :)

    Bought 10,000 more shares of emms at $1.02 and I'm gonna ride it back up to $1.10 - $1.15 :)

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    • How do you know it's going there?

      I bought in to hold out for for a lot more than that ($2.50), starting to wonder what the hell is going on here...

      • 2 Replies to blaine200844
      • Well I'm definitely not psychic Blaine LOL

        Seriously though I follow the charts, and what the chart points out is a wave pattern that shows me that EMMS plays between 1.07 - 1.15. After the earthquake in Japan EMMS tanked immediately after but came back, now it just has to get it's legs back. $2.50+ is possible for EMMS if they can get their loans in order. Remember a lot of companies are still undervalued and EMMS is one of them. I only hope I'm in EMMS when it pops or gets sold.

      • Frankly, I'm wondering what's happening with their "ongoing discussions" regarding the station sales. Honestly, one of the major reasons for purchasing almost 1% of the common stock of the company were the numerous statements and news reports regarding a hopeful sale of one of the NY stations and the two Chicago stations. In any event, some stations will have to be sold -- or some other action taken -- by this summer to avoid being in violation of the loan covenants.

    • I may do the same. I have been watching my unrelated JOEZ and EMMS criss cross each other in terms of price. Of course it means nothing. I would like to see JOEZ have some of the end of day moves that EMMS has shown. You can put a real valuation on JOEZ, but like EMMS, the volume is such that it moves easily.

 
EMMS
1.99Mar 31 4:00 PMEDT