maxopedia

A long time ago, I recommended Sun Times Media as a potential 'dead cat bounce'. The company was definitely a dead cat; went from NYSE to Pink in the blink of an eye. If you want some really 'entertaining' reading, check out their 8k.

I had always thought this stock pick was out of a hat, but it's interesting reading back on what I had to say regarding the potential future price action. Back then I sort of thought of it as a sort of 'Buffett' style move or some such hogwash, but I did seem to have somewhat of a handle on price action.

My story on SVN/SUTM was written somewhat after I bought the stock on Investopedia's simulator at the price of $1.05-1.14; I originally took notice of the stock at $1.00-1.02, and it was part of the reason I opened up a simulated account.

From the post:

Their share price has fallen to nearly a dollar. Currently they are selling for $1.31 a share in after hours trading. Their stock price has fallen due to the 'looting' of the company by the former CEO and others. They also cite the decline of the print advertising market as a major source of their woes. I do not have any idea if this company will do well over the long term. However, I believe that this company will experience somewhat of a rebound in share price over the next year if it does not completely explode. This is the rock bottom of the stock, I think it will get up to at least 2 dollars a share from where it's at now. After that, it's anyone's guess at this point.

...

However, my gut tells me that if nothing else, there's going to be enough speculation on this stock to make some money. This stock went up while the Dow and S&P went down.