Six Flags Stock drops

Wednesday, July 16, 2008 4:42 PM
48 cents a share! Should I buy some? What do you guys think?
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Wednesday, July 16, 2008 4:54 PM
That's lower than it was this morning... It's been dropping for the last two weeks though.
LIMBOOOOOOO, HOW LOW CAN YA GO!
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Wednesday, July 16, 2008 5:04 PM
If anybody is going to buy some do it tommorrow. I think it has a day or 2 before its delisted.
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Wednesday, July 16, 2008 5:47 PM
It was at a quarter per share at one point today. If you had bought it then you'd have already doubled your money!!!
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Wednesday, July 16, 2008 5:48 PM
http://biz.yahoo.com/ap/080716/six_flags_last_call.html?.v=1

The stock price dropped 44% today. However when it's trading at less than a buck a share, small changes represent large percentages. It reached 25 cents per share during the day. That is amazing. I thought by restructuring some of its debt several weeks ago, it could delay bankruptcy for awhile. Although the 12% interest it accepted on those bonds certainly spoke of its desparation. The upcoming earnings report will be interesting.

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Wednesday, July 16, 2008 7:28 PM
At that price, I might have to buy a few shares just for the giggles.
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Wednesday, July 16, 2008 10:22 PM
So what's the cheapest way to buy some shares?

I'll spend some money just for the certificate but I don't want to pay a $50 fee to buy 10 bucks worth of worthless stock LOL

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Thursday, July 17, 2008 12:11 AM
Try Sharebuilder.com. The fees aren't too bad there.

Geez, at this price I may have to buy a couple hundred more shares for the hell of it. I'd hate to waste The "dividend" from my Cedar Fair units on more Six stock though. Guess I'll use soda can refund $$ instead.

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Thursday, July 17, 2008 12:37 AM
Ima buy a whole sh**load of stock and pray that my faith in Six Flags does not go unrewarded. I think they can do a lot with this company, and I hope that it works. Need more cash, but as long as I keep on GOING to Six Flags, I guess I won't be buying stock, no matter how cheap it is. LOL
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Thursday, July 17, 2008 1:04 AM
Wow. It was down to a quarter a share?

I just can't help but think that throwing a grand at it isn't a worthwhile investment. How low can it possibly go? Even if it only ever peaks at a buck or two, I still would make some decent money for little to no effort. Who knows, if they actually do turn the company around, it could turn out to be a great deal.

Six Flags stock peaked at $65 about 10 years ago. Even if it takes another 10 years and reaches $10, you're you're talking about a $39,000 return. If it'd actually reach $65 again (which it probably never will) you'd make $259,000 on a $1000 investment.

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Thursday, July 17, 2008 4:16 AM
I bought 150 shares at $3.22 last year, it went up to just over $5, and has just dropped little by little since. Today was a real ball buster. I just bought another 75 shares to see where it goes. Its pretty wild that I paid nearly $500 for 150 shares last year, and now less then $50 for another 75 today.

Its like Rice Krispies are on sale, although I really don't like 'em, I just can't beat the price, so I'll stock up now.

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Thursday, July 17, 2008 7:04 AM
Well at least you weren't one of the people who bought it at $40! :)

I actually thought of throwing a grand at it when it was between 1 and 2 bucks a share, but I'm not into individual stock buying/selling and I'm glad I didn't start. As for how low can it go, it CAN go to 0.00 and the people selling at these levels probably think that's likely.

Do yourself a favor guys and just buy an index fund. VTSMX or VFINX would be good places to start. Or one of Vanguard's Target Retirement or Lifestyle funds. Any of them give you lower costs and better diversification with less risk. That's not to say you can't lose money, but you'll never go to 0.00.

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Thursday, July 17, 2008 7:26 AM
Checked it this moring and SIX is down to $.48 a share. FUN was at $17.22. I guess SIX is circleing the drain at this point.
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Thursday, July 17, 2008 9:27 AM
Remember, if SIX files for bankruptcy (and how exactly will they manage to pay off all that debt?) stockholders will not see a penny until their creditors are satisfied.

If you've got hundreds or thousands of dollars you want to "gamble" on SIX, you're probably much better off finding a roulette wheel in Vegas, or hell, even the lottery.

If you MUST purchase SIX, you can purchase it commission-free at zecco.com if you deposit $2,500 into your account.

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Thursday, July 17, 2008 12:21 PM
I found it amusing that I got both of these Google alerts in the same e-mail.

Tradeworx Inc. drops their 169,457 shares of SIX

Six Flags Maintains All-Time High Guest Satisfaction Ratings

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Thursday, July 17, 2008 12:36 PM
It's back up to .83 at lunch time.

Like so many other things traded right now, the pricing is irrational and volatile.

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Thursday, July 17, 2008 3:42 PM
What stinks is they just got good news and still their stock is under $1
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Thursday, July 17, 2008 4:29 PM
Closed today at .85 (after hours trading at .95)
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Thursday, July 17, 2008 5:15 PM
It'll drop like a a coaster falling off the tracks again.
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Thursday, July 17, 2008 8:02 PM
Some of you should stop talking about the stock market. Seriously.
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