First off let me say that I own shares of Radio One Inc. ( Public, NASDAQ:ROIA ). I have always been a true believer in this company for a number of reasons; 1. Its a media company catering to African Americans and unlike BET or the other so called Urban media companies, Radio One is not only focused on milking blacks for every dime they earn but also to educate and empower black youth.
2. I love the company's founder; Catherine Hughes, I believe she is the picture of a strong intelligent black woman who picked herself up by her bootstraps to build a very relevant media empire.
I bought Radio One at $ 0.57 a share a few months ago. I also took a few protective measures a week ago when the stock hit $0.68 in case things went bad and the stock price tumbled again. I have recently seen the stock go from $0.68 to $1.33 and back down to $0.68. The stock has very light trading volume and such volatility scares the heck out of me.
I believe the stock price is being manipulated by traders and other speculators. I say to my fellow small cap investors to be cautious when taking a position in this stock, take profits off the top and invest in options techniques to protect your investments.
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