There is really no rational support to keep EMMS at a higher price. Although they made $.33 in last quarter.. effect of this turnaround diminished cuz origin of profit was pay down of loans.
I purchased this stock on emotional basis. #1. S & P 3 star rating. #2. I did business with EMMIS in past. #3. They own Los Angeles Magazine as well as others. L. A. magazine is the major bible for L. A.
Meanwhile... I could not sell off shares fast enough becuase I had bought a lot within 3 days in my IRA cash account.
Just another investor that will be waiting this out.