Author Topic: Six Flags: Next Stop is Bankruptcy? (Read 6736 times)

PcMan · « **Reply #25 on:** November 12, 2007, 11:54:44 PM »

Quote from: Majortom1981 on November 12, 2007, 02:46:41 PM

Didnt the Dick Clark Productions buy out use up a big chunk of the companies money? Will we have to wait till next year to see how that helped or hurt the company?

American Music awards which air this Sunday is a Dick Clark production.
Shapiro mentioned this in the call on Friday.
So lets hope they get good ratings.

GADVwow · « **Reply #26 on:** November 13, 2007, 08:21:15 PM »

Same source as the original post, different guy, and they just keep piling on (I still think someone there or several someones has/have the stock shorted):

http://seekingalpha.com/article/54002-six-flags-blaming-it-on-the-rain?source=yahoo

overlord · « **Reply #27 on:** November 14, 2007, 12:55:20 AM »

Well the stock held today at $2.18 so hopefully it reverses here.

PcMan · « **Reply #28 on:** November 14, 2007, 09:15:09 AM »

I agree
this Stock should not be at this low price
Yesterday it dropped even after a 375,000 buy came in and another around the same amount.
Not much room anymore to short.
When it starts rising the shorts will be cashing in.

I think also the drop is from Margin calls coming in where they have to sell to cover.
I got a few margin calls in the last few days and had to either sell some/alot of shares or deposit.

I deposited a few $ hoping that we are at or near its low

I know I should have sold everything a few weeks ago and buy back now.

FYI SIX is mostly owned by Instintutions about 75% so if this starts to rebond may see some big buys coming in ?

overlord · « **Reply #29 on:** November 14, 2007, 10:49:08 AM »

How do I buy some SIX stock?

PcMan · « **Reply #30 on:** November 14, 2007, 11:11:58 AM »

you can create an account at any online brokerage
or a local

I use www.tdameritrade.com

but there also are many others like Etrade etc.

WadeJ · « **Reply #31 on:** November 14, 2007, 11:16:49 AM »

fyi - I think Etrade will be either bankrupt or purchased soon. Things aren't as bad as I thought they would be but their outlook is still rather bleak.

Dubya91 · « **Reply #32 on:** November 14, 2007, 08:49:59 PM »

Wow it dropped 21 cents....Yikes

GADVwow · « **Reply #33 on:** November 14, 2007, 08:56:48 PM »

And worse, it is below two dollars. If it drops below $1, it will be in danger of being delisted. That is NOT good. I really worry about a takeover attempt soon. . .

ChuckR · « **Reply #34 on:** November 14, 2007, 09:05:21 PM »

Oh man...

PcMan · « **Reply #35 on:** November 14, 2007, 09:47:45 PM »

I seen a buy trade come in this afternoon for around 500,000 a half million shares bought.
So there are a few big buyers coming in or is it just days traders.
I just think the money mangers for this stock are driving it lower and the shorts are riding it down.
But when the momentum turns those shorts will have to buy back it which will really drive the price up.
SIX needs some good news and soon.
THey need to release some kind of press release of anything that sounds good to stop the bleeding.Or something better then a deal with a paint company.

Delisting can takes months even 6 months or more and it has to stay under $1 for a certain extended period of time.

THe next thing they have going on is the American Music Awards this Sunday.
Part of Dick Clark Productions they bought a piece of.
I remember this award show took place in January in years past.
Mr.Shapiro shareholders want to know what your going to do to get this moving positive ?

WadeJ · « **Reply #36 on:** November 14, 2007, 09:55:18 PM »

I'm not as worried about it being delisted just yet. It would need to stay there for a bit. I'm worried as wow pointed out that it will be a takeover target.

As far as I'm concerned this damage seems intentional like they want it to bleed some more for some reason. I just don't get it. The freaking report could have even been flipped around with a more positive spin and it wasn't...

PcMan · « **Reply #37 on:** November 14, 2007, 10:00:20 PM »

I agree
It only rained in Texas everywhere else it was high and dry
most of SIx Flags business is on the East coast
something going on here

Money Mangers drive it down so their buddies can buy large lumps then they run it back up.

the same people they got running scared and selling at $2 will be back buying at $3.
thats how they make money.
I'm holding on but its very painful

Sometimes just talk of a takeover will raise the price.
case in point Etrade shot up today after dropping yesterday on talks of a takeover.

rjholla2003 · « **Reply #38 on:** November 14, 2007, 10:21:59 PM »

SFI's stock went up to $11+ when the takeover happened. I was kicking myself for not doing everything I could to make that quick buck. Right now I simply don't have the money. I'm pretty sure I could sell unflushed toilet water for more money than SFI stock. Another -9.63% down today. Ouch.

Dubya91 · « **Reply #39 on:** November 14, 2007, 11:35:29 PM »

I hate to keep playing Devil's Advocate, but what happens if a takeover does happen....

GADVwow · « **Reply #40 on:** November 15, 2007, 07:06:15 AM »

...anything from a greatly improved set of theme parks to slash and burn and selling assets. It all depends on who does the taking over. One thing would be almost a certainty. In 90 percent or more of such takeovers, current top management is shown the door. Something tells me they, too, have arranged for themselves quite attraction golden parachute packages should that happen. Not unlike Burke and Story had.

PcMan · « **Reply #41 on:** November 16, 2007, 09:53:00 AM »

Reported by InsiderCow.com --
SHAPIRO MARK S, CEO of SIX FLAGS INC (NYSE:SIX) bought 48,000 shares of SIX from the open market on 2007-11-15. The stock was up 6.09% after the InsiderCow.com report.

Trade amount: 48,000 Shares
Trade type: Open Market Buy
Price Range: $2.08 - $2.11

So Shapiro nows SIX will rise and just buying when its low , not maqny shares compared to what he already has but hopefully an indication off good news.

PcMan · « **Reply #42 on:** December 27, 2007, 02:01:16 PM »

Looks like SIX is dropping
Maybe everyone selling to take a TAX write off .

So expect big buys and a stock jump in the New Year.

FYI: when you sell a stock you can't buy it back for 30 days if you want the tax write off

but I expect this to drop to around $2 again and bounce over $3 in January or higher (i hope)
SIX was just over $2.85 a few weeks ago
Day traders are loving this

4 Fun Stocks to Buy in 2008 12-26-2007
www.fool.com/investing/high-growth/2007/12/26/4-fun-stocks-to-buy-in-2008.aspx

WadeJ · « **Reply #43 on:** December 27, 2007, 02:55:19 PM »

Yup, and for those that are wondering, our Yahoo finance feed is no longer free so for the time being, we'll need to do our own stock watching.

I'm on the lookout for a new web-based stock ticker.

I agree Tom, it might be worth more to a lot of people right now as a right off vs. keeping it with the "hope" that it takes off next year. Plus, if it does pickup again they can buy in Feb.

GADVwow · « **Reply #44 on:** December 27, 2007, 06:59:36 PM »

For those who want to watch the amusement park stocks, there is always http://money.cnn.com/

Once you look up quotes for SIX, FUN, etc, live quotes will appear at the top of recent news on that site...(they are delayed, but continually updated...)

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Author Topic: Six Flags: Next Stop is Bankruptcy? (Read 6736 times)