I definitely see your logic about the timing, but also consider that if the market does correct, money will flow to value. There are a lot of big money players sitting on the sidelines in mostly cash right now, and they are patiently waiting for the perfect time to act on bargins. If CCME can beat the shorts back in the near term and become even more attractive to institutions, we could see a huge flood of money come pouring in. The price action could actually be accelerated by a pullback in the market as people look for strong value plays that may produce gains even in a down market, assuming it isn’t a 2007-8 Armageddon type of selloff.
On the other hand, if they wait and let the stock get pummeled some more, we see the chart continue to look worse and worse and it will become more difficult to sell big money on the anticipated future performance, even as management makes bold moves. I say go big now (now being as soon as they are done accumulating their shares cheaply). All IMO.
