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Gray Television, Inc. Message Board

  • daninfw04 daninfw04 Sep 18, 2013 6:23 PM Flag

    Breakout Soon

    We just stopped today at the exact top of the current resistance. The high today of $7.46 is exactly the bottom of the next resistance which is a very weak resistance at any rate. We had a lot of volume over $7.40 today with a lot of blocks of 5,000 and 10,000 shares getting dumped and driving it down to the low to mid $7.30's and each time we popped above $7.40 again. There is ZERO resistance between $7.36 and $7.45......once we pop above the next resistance which is a type 1, Strength 1 which runs from $7.46 to $7.99 there is ZERO resistance till $8.61...........and remember the next resistance is the exact LOWEST you can have. The highest is type 3, Strength 10..........if GTN is ever going to make an announcement, tomorrow would be the time. The planets and stars are in alignment. DaninFW

    Sentiment: Strong Buy

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    • Dan I was wondering if you were still trading exide batteries and if so what you thought of their recent stock price rise.

      • 1 Reply to jaketristen
      • I did a little trading and now out of XIDEQ stock. I got into the bonds at 9-11 cents on the dollar now at 17+........I lost a bunch on XIDE but hope to get most if not all back with the bonds. The recent stock surge IMVHO is unwarranted. Still tremendous legal liabilities. The secured bonds are going for 70 cents on the dollar and unsecured for 17 cents on the dollar. They all have to be repaid 100% before shareholders get a single red cent. Not saying it can't happen but until the bonds move up of my two picks in the past 5+ years I lost money on. Made on about 19 out of 20 but nobody's perfect. The plant shutdown made all the banks run away from a refi. DaninFW

    • And the fed didn't screw anything up either so the stars are indeed aligning.

11.57+0.03(+0.26%)May 27 4:02 PMEDT