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Gray Television Inc. Message Board

  • daninfw04 daninfw04 Feb 10, 2014 10:01 AM Flag

    Broadcast Sector

    I posted Friday that I thought EVC may have bottomed for now but could still drop to $5.50. I also said SBGI, NXST, GTN and LIN had not found bottom yet IMVHO. Today, they continue to drop. I also said MEG may be bottoming. It appears it too has not found bottom. Investors are deathly afraid of this sector because of new FCC concerns and the Aereo court case. They are taking to the sidelines till matters resolved. Very risky sector at present.
    Outpissed, should have taken my advice. GTN is still a strong sell. And before you misquote me again, I said I saw GTN in a $10-12 range. That was when it was in the $11.60's......to anyone with intelligence I was saying I saw 40 cent upside and $1.60 downside. It was a strong sell because the odds are 4 to 1 IMVHO. Not something I care to bet on. DaninFW

    Sentiment: Strong Sell

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    • dan ur a smart guy... however buffet says buy when others are fearful... these people on the sidlines will make a explosive stock even more so... the TECH chart just looks good... too good... for tech traders to pass on its worth my bet because i believe big money knows before we do lol i mean really when do they not and even with the price falling its just a better oppertunity till those TECH signals tell a diffrent story.

      U do know this sector better than anyone on these boards and u have been extreamly on point with ur perdictions i just got a 1000 or 1500 in options... my risk is low IMO

      • 1 Reply to skreumont
      • Buffett is one of my favorite heroes.....but he also has lost $2 BILLION on TXU and lost on Pier One years ago as well as many others. He as well as myself is never 100% right......he just makes more than he loses as I do. The point I have made is the Aereo deal could be a sea change. I stress COULD. Technicals mean nothing when life on this planet as we know it could change. The fact that it could is what is crippling this sector. Everyone seems to be missing that on these boards. I keep screaming from the roof tops, the sector keeps crashing and nobody is listening. AND now throw in the FCC which is taking a strong stance. Nobody knows if it will be for just current and new deals or if it will effect previous deals.......and life as we know it. Two major uncertainties. Traders will make money here but perhaps not investors. We now have a situation that if Aereo goes against them or if the FCC pushes their new agenda and wins......either one could destroy the sector much less what would happen if both prevail. I bought several thousand EVC today at $5.82 and sold in the last minute for $5.881.....tried to buy 30,000 shares but only got about 5,000. . Just made about $300 but a nice quick trade. I sincerely wish you and others on this board well. I just think it too full of pitfalls to invest now. I will trade EVC and the others when they settle into a trading channel. DaninFW

 
GTN
8.915-0.175(-1.93%)3:54 PMEDT

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