Sat, Jan 31, 2015, 6:07 AM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Saga Communications Inc. Message Board

  • bird_on_a_spring bird_on_a_spring Jul 7, 2006 12:57 AM Flag

    what the heck!!?!?!?

    I've been "averaging down" on this stock since $11.40! It started to move back up into the 10's and it looked like the worst was over, now it can't even seem hang on to $9.00!

    Seriously, does anyone know the reason why this stock just keeps dropping? Where's the bottom?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Where's the bottom?

      Your guess is as good as mine...and my guess is that this stock will hit at least $7 before it sees $11 again.

      Ya know, there were other broadcasting stocks that have at least held their value vs SGA:

      http://finance.yahoo.com/q/bc?t=2y&s=SGA&l=on&z=m&q=l&c=ccu

      ....but you really wouldn't have made any real money on that either...just wouldn't have lost as much.

      You might want to consider a tighter stop-loss on risky plays like this....they can prevent excessive hemmoraging when an attempt is made to catch a falling knife.

      • 1 Reply to sparkie560
      • $7.95 close today. Now it's slipping below $8.00??!?!?! I had figured it was way oversold at $9.00, and would start to climb from there.

        Does anyone think that this stock can rebound to $10/share before the end of the year? At $8.00, I'm down over 20% in less than 6 months and I am hoping I get one more bounce out of this stock so I can cut my losses on this one.

        I agree about the economy. I'm starting to get worried about a recession, so I'm taking a look at my portfolio and trying to get away from stocks that i think will get burned during a general downturn.

 
SGA
40.67-2.02(-4.73%)Jan 30 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.