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Gannett Co., Inc. (GCI) Message Board

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  • mikestarfish mikestarfish Jul 16, 2009 11:48 AM Flag

    Sell and Wait for Pullback

    Stock does look strong....looks like alot of short covering buying. Volume is quite high. GCI will move with the market; if the market ends up we might close above $4.60.

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    • Looks like we will consolidate here for a bit. Chart looks like it wants to pull back as the RSI and money flow are closing in on 100. It really depends on the market and the shorts. If the S&P shoots past 950 the shorts will be forced to cover and may push the stock over $6. But with 85% of companies yet to report I think we will move with the market. But if you are a long term investor close your eyes for a year and come back to a $10 stock.

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