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

To: investmentpaysoff who wrote (9)	10/11/1999 5:12:00 PM
From: Tony Wang	Read Replies (1) \| Respond to of 12

SBGI made a low. Have you noticed the subtle change in its inter-day price action? The prior week after the collapse, if one bought dips, one got killed as new lows were unearthed. But in the last 3 trading sessions, had you bought the open or the inter-day dip you made money at the close. This indicates at $7.00 below book value, it is extremely oversold for a media company that reaches 24.4% of all the households in the US thru its stations and affiliates. A great buy out candidate at this price by any of the national media companies. If you are short this stock at this price, I feel sorry for you. Because 90% is in the family's hands. The float is very little. It can rally $6.00 any given day. And there will be nothing for sale.