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Entercom Communications Corp. Message Board

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  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Dec 7, 2008 3:26 AM Flag

    CONTINUOUS insider buying by the Fields here.

     

    Item 5(c) of http://www.sec.gov/Archives/edgar/data/1067837/000110465908074993/a08-29927_2sc13da.htm shows Mr. Joseph Field having a field day purchasing ETM on every trading day (as ltf notes) from 11/12/2008 through 12/04/2008.

    Longtimefollower, you have the "honor" of having taken trading profits ( http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_E/threadview?m=tm&bn=6388&tid=775&mid=800&tof=1&rt=2&frt=2&off=1 ) selling cheaper than the price at which Mr. Field was buying on the same day! I've been trading it a little, too, but is taking the money at $1.08 or $1.12 and running really wise? It looks good as long as the price bobs back down afterward, but if it really is undervalued at $1.08 or $1.12, isn't selling the wrong decision?

    A local analogy: Someone bets on red on a roulette wheel, wins, and decides that betting on red on a roulette wheel is a profitable activity. Hardly the case...

    While selling at ~$1.10 looks good in hindsight if the opportunity to buy back in cheaper arises afterward, if the opinion that $1.10/share grossly undervalues the company is indeed true, some day a trading sale at around $1.10 is going to be followed by a share price rise that isn't going to be retraced, leaving the true fruits of buying low unharvested.

    This topic is deleted.
 
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