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Saga Communications, Inc. Message Board

  • dogs_of_the_four dogs_of_the_four Aug 22, 2006 12:18 PM Flag

    Is that you dumping Sparkie?

    Someone dumped 1 million (+) the beginning of July. Was that another dump this morning 8-23-06? 250,000 shares.

    It looks like you were right Sparkie. $5 may be reachable.

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    • By the way, if you want my opinion I think those 1,000,000 and 250,000 share dumps were institutional holders reducing their exposure to this turkey!

    • HA! Yeah...yeah, that was me alright--about 9 months ago! I dumped my 2500 shares @$12.40 a share back in December for a 14% loss when I saw Goldstein unloading. From this vantage point that was a good move, but I'm still ticked about losing over 5 grand before I finally cut the cord.

      I had been waiting for this thing to find bottom, but now I don't think I'm gonna buy back in at any price--the economy is gonna go in the crapper in the Fall, and like Penneywise said a few posts ago, "this ain't no safe haven stock".

      I put the cash from my Saga stock into a couple of gold stocks in Dec '05, and it's doing just fine--so I think I'm gonna stick with that. mid-Sept SGA might be a juicy short if it gets a technical bounce, though!

46.20-0.45(-0.96%)Oct 21 4:00 PMEDT