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Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-20-04 12:30 PM
Original message
Shareholders Push Sinclair to Amend Plans
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lil-petunia Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-20-04 12:33 PM
Response to Original message
1. but stock rises on massive buy orders
average turnover - 358,000
today's volume, 1,220,000

some sugar daddies are out in force. trying to prevent that nasty 6.10 level from being reached.
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The Doctor. Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-20-04 12:40 PM
Response to Reply #1
2. That tactic has a very high fail rate...
Edited on Wed Oct-20-04 12:41 PM by Dr_eldritch
I used to do that myself - what will happen is current holders still skeptical of Sinclair stock will recognize the tactic and take advantage of the opportunity to sell.

They'll wait till friday.

{on edit} - That's what I would do...
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-20-04 12:52 PM
Response to Reply #2
3. Why Friday?
Sitting at your feet, wanting to learn.
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The Doctor. Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-20-04 01:36 PM
Response to Reply #3
4. It's Wednesday now...
If you want to prop up a stock, you do it steadily over a period of a few days at least.

Current - 7.03
low today - 6.46

During the next few days Sinclair is going to be in the spotlight.
They are not out of the fire yet.
BUT - the stock can be artificially inflated by 'sugar daddies' putting in buy orders at asking price.

So if the 'last buy' price was 7, but the ask price is 7.04, all someone has to do is buy a block of 100-10,000 shares at 7.04 and make their new ask 7.06. Then another 'sugar daddy' buys at that price.

After they 'leap-frog' the price of the stock for a little while, other investor who have been watching the rising trend will (hopefully) jump in and start buying at the ask price and continue to bring the stock up.

THEN the 'sugar-daddies' start selling their stock at the rising buy price and make a small fortune.

Luckily most investors are wise to this, the bulls will watch the news and let the stock become artificially inflated. After a couple of days, they will attempt to take advantage of the 'sugar-daddies' who have pumped the stock because they KNOW what's going on.

I'm not a professional investor - but I've played this game myself.
Most are better at it than I am.

I do expect to see the stock take a lovely little 150 point dive as of next week. (don't hold me to it though- I can guarantee nothing when it comes to a volitile market. Just stay away from SBGI stock.)
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-20-04 02:48 PM
Response to Reply #4
5. I'm going to watch for the pure entertainment value.
Like the Red Sox.
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symbolman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-20-04 03:12 PM
Response to Original message
6. It ain't over, it's bait and switch so...
PLEASE Get my flash attack ad out to as many people as possible - it stresses the fact that THEY Would not allow the Nightline program to HONOR the fallen troops -- THIS IS AS IMPORTANT as spamming advertisers..

THIS is what will piss off even freepers.. Regular Americans will be livid if they know Sinclair WON'T support the troops, and DIDN'T BEFORE!

All the links are clickable easy to use and helpful, the more people that get it the more damage we can do to those bastards!

Turn up your speakers and get the word out with MEDIA as well..

Don't forget to WRITE to the Advertisers that have folded and THANK THEM -- when we did our Limbaugh Boycott we found that that is what helps them feel like they did the right thing..

Here's "Our Media is Broken"

http://web.takebackthemedia.com/geeklog/public_html/staticpages/index.php?page=20041013042650709



Skinner was kind enough to post this flash on the main page but it sort of got chopped due to the debates and DU having to rig for heavy traffic..
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