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Entercom Communications Corp. Message Board

  • longtimefollower longtimefollower Dec 8, 2010 2:09 AM Flag


    Have you covered yet?

    I must admit, I "peeled off" a small amount at a $9.50 avg. today....figuring it MIGHT retrace to $8.05-8.35, and I can buy back in there.

    the $ value of my position is about half of what it was when the stock bottomed at $5. While I view a reasonable range of fair value, right now, some where around $12-12.50, it could take several weeks to get there...and we could easily get some backing and filling first. Then again, if the industry comes back into favor, it could easily "spike" back to $14-16, and CMLS could spike back to $4.50-5.00.

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