quixsilver

Cramer Doesn't Say What Radio Stockholders Want to Hear

I sold half my stake at $1.95, with the intention of scooping it up again at $1.85 sometime on Monday. I may not get that chance if something good happens over the weekend. Either way, I feel better cutting my exposure in half - the negative volatility over the past few months have been nearly intolerable.

cos1000 - I agree with you that if nothing happens over the weekend, I wouldn't be surprised to see it dip back down either. If I can scoop 'em up again at $1.85, I'll be sitting on average cost of $2.10, which I'm highly comfortable with...

Even though we've seen some resistance at $1.80, if there's more intentional FCC delay, I think it could dip down even further ($1.50 - $1.75?) and trade in this channel until there's a decision. The longer this drags out, the more neurotic everyone gets with the uncertainty and the more people start jumpin' ship...

Cramer Doesn't Say What Radio Stockholders Want to Hear

I think it's the potential June 30th decision. No one wants to be left out if the decision comes through the wire over the weekend...