I listened to Holland Cooke and lost money!!

[awardmrnobody]

Holland Cooke YOU SAID CDL WAS A SCREAMING BUY AT A DOLLAR A SHARE!! ITS 37 CENTS! Thanks Holland and dont you bullcrap your way out of it by saying I should have traded back and forth! I'M NOT A STOCK BROKER. I'm or ANYONE is a FOOL for listening to YOU!

 

[bingbangbo]

Ha Ha Ha . So did every radio station that ever listened to him.






Booooooooooooooo

 

[jimmyone]

the ONLY time you should listen to Holland is when he's on the radio. A real estate land barron he may be, but certainly not a stock guru.

 

[LasVegasRadioJunky]

I think there were four radio stocks below a buck at close yesterday. Relax folks. Things will come back, but we will need to have patience. I don't see it back at 4 any time soon, but anyone who bought at a dollar can still make money, I suspect before years end.

Holland rocks!

 

[jeffryan]

Look, even Holland Cooke, touted industry consultant, is allowed to make a mistake every once in a while. The man is human.

But the fact of the matter is that radio stocks are not a buy at all -- unless you plan to day trade. And even then, be very careful.

Buy AAPL instead. $90 and still a bargain.

 

[Holland Cooke]

"But WAIT! There's MORE!"

And you'll REALLY be PO'd if you loaded-up-on FXRE, which was a buck when I mentioned it, and closed down 49 cents TO 49 cents today!
At-which-point I bought some more.

Did I actually say "screaming buy" about CDL?
I THOUGHT I'd called this "gambling..."

You haven't lost a dime unless you sold.
In-which-case you're doing what most people do: buy high and sell low.

As one trader told me yesterday, CDL -- and other stocks -- is suffering because panicked owners are dumping shares fearing that the stock will be de-listed, in-which-case it'll be REAL illiquid. Calmer heads are reckoning -- as Motley Fool did -- that CDL will do "a reverse split," i.e., 10-shares-become-1, at-the-same-dollar-value to shareholders.

radio stocks are not a buy at all -- unless you plan to day trade. And even then, be very careful.

Correct on BOTH counts!


And you sure DON'T need to be a broker to hop-in-and-out.
With $9.95 online trades, anyone using a broker has already lost, and can't play wobbles profitably.

Think YOU'VE got problems?
Feel sorry for Phil Boyce, suddenly out after 14 years as PD at WABC.
The Citadel bloodbath continues...

 

[jeffryan]

Re: "But WAIT! There's MORE!"

You haven't lost a dime unless you sold.
In-which-case you're doing what most people do: buy high and sell low.

Bingo. Gains and losses aren't realized until you sell. That is important to remember. Patience often times wins out... BUT only where the fundamentals of a company are solid. When we speak of Citadel, this is clearly not one of those cases.

As one trader told me yesterday, CDL -- and other stocks -- is suffering because panicked owners are dumping shares fearing that the stock will be de-listed, in-which-case it'll be REAL illiquid. Calmer heads are reckoning -- as Motley Fool did -- that CDL will do "a reverse split," i.e., 10-shares-become-1, at-the-same-dollar-value to shareholders.

Here I disagree. CDL is suffering because it is a poorly managed company and the fundamentals are a disaster. Debt to equity is in the stratosphere. Earnings per share is -$5.94! Even before the market free fall, the trend was downward, so you can't blame sellers now.

If Citadel now trading at $.37 does a 10 for 1 reverse split, it's not going to prevent the stock from falling lower. You see how fast $3.70 becomes less than a dollar again. Until the numbers on the books improve, Citadel is doomed. Even if they were able to turn a profit and pay off all their debt tomorrow, the sector overall is still crap. Don't forget that there are some companies out there paying a dividend that are still in the toilet in terms of share price. The market just does not like radio.

Buy well established, well known blue chips instead. Their books still look impressive relative to the market.

Everything is on sale because people are selling on fear. I see big buying opportunities all over the place. But dear Lord, please stay away from the radio stocks unless you feel like taking a gamble.

 

[radiolistenerRI26]

Aww...come on.

Holland does live next door to an Academy Award winning actor. He told us so, remember??

Surely that counts for something right???

He obviously knows everything about everything! Just ask him, he'll tell ya.

lol

 

[Holland Cooke]

Re: "But WAIT! There's MORE!"

CDL is suffering because it is a poorly managed company and the fundamentals are a disaster.

NO KIDDING.

And I'm not saying so to join the chorus of critics here for what's happened locally.
Where-the-wheels-REALLY-came-off was the ABC acquisition pig-out.
What we're witnessing is THE-COINCIDENCE-OF:
1. "the indigestion" from that pig-out;
2. draconian product compromises to pay the mortage (something LOTS of group owners have fallen-prey-to); and
3. an awful market.

"An awful OPPORTUNE market," the contrarian would argue.

This THIS (economy) is a disaster.
But think-back to a GENUINE disaster.
Jim Cramer made his big pile-O-cash buying stocks the-day-the-markets-opened-after 9/11.

"Buy low, sell high," and hope-like-hell CDL is, in fact, about to "reverse split."

 

[Holland Cooke]

" He obviously knows everything about everything!"

Not EVERYTHING...but I'm scribbling-as-fast-as-I-am.

Ya sure can learn a lot by LISTENING.

Just ask him, he'll tell ya.

Be careful...
Be very careful...

To ask, you'll have to step-out-of-the-shadows-of the anonymity most here favor.

My FORTY EIGHT PAGE Christmas card is at the printer.
Including postage, it will cost me several dollars PER RECIPIENT.
And there'll be more-than-a-few.

Most-of-what-you-would-read is stuff-I-overheard...LISTENING...lurking among **** sapiens.
And ALL of it is stuff appropriate to a Christmas Card.
He will approve.

But I can't send you one if you're hiding behind a fake name here.

 

[jeffryan]

Re: "But WAIT! There's MORE!"

But think-back to a GENUINE disaster.
Jim Cramer made his big pile-O-cash buying stocks the-day-the-markets-opened-after 9/11.

Good point. The stock market only needed two months to recover. Two months. Just goes to show the amazing resilience of this market, which sadly is never reported in the news. We will see a recovery in a much grander scale in the next year or so.

"Buy low, sell high," and hope-like-hell CDL is, in fact, about to "reverse split."

But it depends what you're buying, don't forget. Don't lose sight of buying good companies versus just buying for the sake of buying. A reverse split is not going to help Citadel, Holland. Reverse splits are like throwing a Haily Mary to one wide receiver being covered by ten safetys. It's wishful thinking, but CDL is dead in the water. Even if the books were attractive, the market just does not like radio.

 

[Holland Cooke]

Re: "But WAIT! There's MORE!"

A reverse split is not going to help Citadel, Holland.

It sure would!
On 09/12/08, the NYSE gave CDL X-number-of-days to get share price north-of $1.
A 10-to-1 reverse, for instance, would do that, without altering shareholder value.

the market just does not like radio

And radio has itself to blame: http://www.youtube.com/watch?v=ws58s9wzYsA

Which is why any station that "does something" -- carefully-planned content/marketing -- right now, will be conspicuous, while the competition continues burning-the-furniture.

 

[jeffryan]

Re: "But WAIT! There's MORE!"

A reverse split is not going to help Citadel, Holland.

It sure would!
On 09/12/08, the NYSE gave CDL X-number-of-days to get share price north-of $1.
A 10-to-1 reverse, for instance, would do that, without altering shareholder value.

It's like dressing up a fat chick. She's still someone you wouldn't ____.

A reverse split would only delay the inevitable and buy Citadel more time... time that Farid wouldn't be able to use wisely anyway. Yes, shareholder value would remain the same -- just as crappy as it is now!

Look at the history of reverse splits. Values will still trend downwards. It only buys you time. It does nothing else.

Look at that! Apple trading at $95.

 

[Holland Cooke]

As Billy Joel sang...

A reverse split would only delay the inevitable and buy Citadel more time...

You may be right.
I may be crazy.
(But it just may be a lunatic you're looking for.)

RIGHT NOW, "buying time" is Job One with the clock ticking on de-listing.
30-days-from-now is an eternity.

And if you watched the first 20 minutes of trading today, you saw bargain hunters swoop-in.

PFE's sure on sale, eh?
And it's not like aging Baby Boomers won't need pills...

 

[jimmyone]

a 10 for one reverse split will not help your cause. you'd then have less shares valued at $3.70 (note prices are subject to change rapidly). At $3.70 it would still be considered a "penny stock" Stocks under $5.00 a share. Brokers do not follow and recommend penny stocks. Losing $5.47 a share, thats the big problem. Expect it soon to be a "pink sheet" stock.

 

[Holland Cooke]

"a 10 for one reverse split will not help your cause"

At $3.70 it would still be considered a "penny stock" Stocks under $5.00 a share. Brokers do not follow and recommend penny stocks. Losing $5.47 a share, thats the big problem. Expect it soon to be a "pink sheet" stock.

If you own CDL, pick one:

1. Delisted, illiquid.
2. Reverse split: Same dollar value -- notwithstanding how ANY stock can fluctuate -- still publicly traded.

Regardless of this-particular-company's self-inflicted wounds, and this sector's woes, STILL BEING ABLE TO TRADE is better than not, y'know?

 

[Holland Cooke]

Jim Cramer predicts that TUESDAY will be the bottom.

Panic sellers will NOT buy-into this, but, moments ago, an expert on The Today Show said "Stocks are 'on sale' now!"

 

[radiolistenerRI26]

"Be careful...
Be very careful..."

of what, voicing my opinion?

Last I checked we live in a Democracy.

 

[Holland Cooke]

THIS could be one rough week...

On-the-heels-of last week's Phil Boyce shocker comes a development you'll see in the "KNX/KFWB bloodbath" thread on the Los Angeles board. Buzz is that 20+ people are out at the CBS stations there.

Financial markets already open in the Pacific Rim portend how-Wall Street-will-open.
If it's like Friday's rollercoaster opening, hang on.

Meanwhile, radio braces for whatever triage plans were hatched late-week as big corporate owners reel.

Good evening from Texas,
HC

 

[jeffryan]

Re: THIS could be one rough week...

On-the-heels-of last week's Phil Boyce shocker comes a development you'll see in the "KNX/KFWB bloodbath" thread on the Los Angeles board. Buzz is that 20+ people are out at the CBS stations there.

Jerry DellColliano said in his blog today that he heard more cuts are coming before the end of the year at CBS/LA. 20 layoffs was just the beginning.

By the way, I sold some AAPL at $105 today. I made $15 a share in a week. Not bad. Try doing that with a radio stock!

AAPL is going to be to media what MSFT was to computers. That's why I still own a lot of it.