Sidoti Resumes Gray Television (GTN) at Buy (Earlier)
12:42 PM ET, 12/05/2013 - Street Insider
Sidoti Resumed coverage on Gray Television (NYSE: GTN) with a Buy. PT $17.00.
Their PT of $17 is a very big positive. I reentered stock this afternoon with large block average at $11.57.......I will average down or may take a quick profit tomorrow on a big bounce. This sector is going to blow away projections in 2014. I'm back to trading GTN. DaninFW
This stock is being manipulated, always has been. Sector was strong almost entire day today, I suspect the PR came out today on the buy rec but was released to clients yesterday which is why we popped then. I just happened to see it on my broker's site. Didn't even make a splash. The big deal is that they are starting to get coverage again. Read the release again. They have "resumed" coverage which means they used to cover it and quit. I started to post this before but the board appears to be dead now. I think most have sold and took their profits. Plenty to be made still IMVHO. I was going to say that GTN should start getting attention again for many reasons. They are finally aggressively growing the company, market cap and stock price is up, projections are going up, etc. etc. If we could get a heavy player to start covering GTN with a buy rec we could pop again. I still expect something big soon. I think tomorrow will be an up day even if market is down unless we tank big. As we all know, if someone wants to but a few hundred thousand shares of GTN we go up 50-75 cents and likewise down if a big seller dumps. If we are down big tomorrow I will rebuild my position to previous levels.........DaninFW