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Sinclair Broadcast Group, Inc. Message Board

  • ati_pfe ati_pfe Nov 15, 2012 7:45 PM Flag

    Uh-oh

    I bought at $10.99 today based upon Dan's $11.00 call a few days ago. This month has been brutal so far.

    Dan is a genius so I hope he is right (yet again).

    ATI_PFE

    Sentiment: Strong Buy

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    • Thanks for kind words I didn't mean to come across as saying I recommended buying at $11.....I think I added this sector would lose at double the overall market. Erskine Boles (sp?) today on CNBC sees one third chance we will hit the fiscal cliff. Real scary right now. I've been calling SBGI short term not long term. I did place an order today when it hit $10.81 to buy 30,000 at $10.80 for a quick trade. I probably gave it support. I think we may see $10.50 or even lower if we get another triple digit decline. If Dow drops another 3-5% we could see $10 before the x dividend date and below $9 after. I don't see any good news for this sector that's not already built in. Daninfw

 
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