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.