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Non-Tech : SBGI Sinclair Broadcasting Group, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: QuietWon who wrote (4)8/9/1999 11:03:00 PM
From: speedbot  Read Replies (2) | Respond to of 12
 
SBGI had quite a few big blocks crossing the tape today.

3:37:12 S 150,000 21 5/16
2:34:19 S 100,000 21 3/8
1:02:57 S 87,000 21 1/8
3:37:15 S 75,000 21 3/8
3:37:19 S 75,000 21 3/8
10:36:53 S 62,500 21 5/8
4:07:04 S 57,000 21 7/16
2:25:17 S 50,000 21 1/4
3:42:49 S 50,000 21 7/16
3:19:52 S 50,000 21 5/16

Considering ultra light market conditions, recent volume
is more than generous.

DATE CLOSING PRICE OPEN HIGH LOW VOLUME
8/09 21 3/8 20 7/16 21 1/2 20 3/8 3,711,700
8/06 20 5/16 19 20 3/8 19 3,673,900
8/05 19 1/16 18 13/16 19 1/4 18 13/16 2,464,000

Even more encouraging in the context of a tiny 2.4 mil float.

Stochastics do indeed appear stretched but this can be misleading.
When referencing the year long chart,
clearstation.com.
the massive double bottom becomes truly pronounced.
SBGI is fully consolidated.

Recent press is more than promising.
marketwatch.newsalert.com.

Excerpt from MKTW: Sinclair Broadcast Group (SBGI: news, msgs)
rose 1 1/4, or 7 percent, to 20 5/16. The stock is approaching
its 52-week high of 26 1/4, set last August 18.


When considering the recently resolved regulatory limbo was the
cause of the extended depression, a return to the previous 52
week high of 26 1/4 is a realistic minimal target here.

& if you happen to use Barchart's opinion program, check this:
equities.barchart.com.
Zowie!

s :)