I am not long or short this stock (obviously I wish I had been long), but isn't this stock going up on hot money momentum, and if so, isn't it due for a major crash? The only other explanation is that someone knows something good about this stock (such as impending buyout) that the major respected analysts do not seem to know about.
Seems like it is due for pull back. But, it is in one of the hottest sectors right now. Maybe this is ripe for a merger or acquisition. NXST had been keeping pace with SBGI, but the last couple days, it has been out pacing it.
Why not to buy it?
You can always sell it after the stock (NXST) crashes after going up another 300%
You have to be "in it to win it". LOL
I have bought it today and my trade works so far for me telling me that it was the right move.