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Gray Television Inc. Message Board

  • morganbanana morganbanana Dec 6, 2013 1:57 PM Flag

    12.88 Exist, Thanks Daninfw!

    Sold all my shares @ 12.88 today for 13% profit (it hit my stop order). I am posting this to thank you Daninfw for your buy recommendation. I remember you sold your shares at 12.49 last week (just before it tanked) and bought again in yesterdays dips, right? Great predictions!! Are you selling today? What do you see coming for GTN next week? Don't you see 13 as a major resistance level (maybe just a psychological level)? I am hoping for a pullback to re-enter, what would be your recommended entry price for me?

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    • I sold just over half of my 60,000 shares last week at $12.49, then some at $12.80+/- and the rest between $12.15-$12.20 if memory serves. I bought back just under 38,000 shares yesterday at an average of $11.57......not bad. If it gets back to near $13 today I may sell. However, GTN hasn't announced but they will probably present at the UBS conference this Wednesday and we could get another bump. Many from the sector have already announced their schedules. GTN management doesn't think shareholders need to know.....Wow also posted a website this morning where someone else blogged that GTN was worth $16.25-$17.75 a share........basically 3 different recs in 2 days that I know of......great trading stock. It is probably one of if not THE most manipulated stock in existence. As I said before, I see trading range of $11-13 and will buy in the low 11's and sell high 12's...........I would add that I wouldn't be surprised to see us breakout above $13 and run to $14. There was also another article out today on strong cash flow fro media companies. Broadcasters weren't mentioned specifically but mainly content providers (CBS etc.) DaninFW

 
GTN
8.97-0.12(-1.32%)Sep 18 4:01 PMEDT

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