MY eye is on Political ad spending in SC and Florida leading up to earnings. If the spending keeps pace, then Media General is looking good for now. And Superbowl ads sold out for record prices. What has the companys NBC stations taken in? But there is always the question of management screwing up? The BEST stock is a slow upward mover.
Maybe running it up to earnings and then see profit taking. Very good volume today. Gets over $5 and more institutions may take note. If that dude who keeps writing for SeekingAlpha has his way, he will hit his projected $10 mark. Low volume - easier to manipulate by big boys.
200 day moving ave is down to 3.74 I see. If stock can reach it thats good. But I don't see reason for a lot of movement till after New Years. Following previous patterns on this stock,it should be range bound for a while,although news one way or the other could move it. I keep listening and scanning the internet for ad news on Media General. I know last week that a PAC group spent $275.000 on ads in SC for Ads for Perry. I don't know if Media General got any? Perry the week before spent $1 million on fox. I think that didn't help this company. Its early yet.