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Gannett Co., Inc. (GCI) Message Board

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  • mikestarfish mikestarfish Jul 17, 2009 12:46 PM Flag

    Sell and Wait for Pullback

    I'm out....and happy to take the profit. GCI is moving with the market and the stock should pull back before trending up again -- the money flow is over 100 way overbought. JMO good luck to all the longs. I'll buy back next week once more earnings are out.

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    • You sound like a trading addict. You're going to miss the long-term gains here, by finding yourself out, when it suddenly makes a dramatic move, in the next few weeks/months.

      I think you're being penny-wise and pound foolish. MAKE NO MISTAKE: the Street-beating profit, and statements of management in the conference call and press release represent a SEA CHANGE for this company, that the Street has ONLY begun to digest. Just keep repeating the mantra: $1.50 in EPS in 2009, and $2.50 in 2010....and you'll understand why selling this thing at 3x 2009 EPS and 2x 2010 EPS is INSANE.

      I USED to have sell orders in at $4.95 or so (and that's after buying a lot more at $3.20-3.75)....but, after the earnings release, my lowest sell order is like at $6.95 now....and that's for a very small percentage (5%) of my total holdings.

      This stock is going to EXPLODE, when the Street sees a turnaround in ad spending, over the next few-several months. I'm guessing $15-20 in a year, actually.

    • You will regret it soon!

 
GCI
35.93-0.06(-0.17%)May 22 4:04 PMEDT