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Gannett Co., Inc. (GCI) Message Board

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  • longtimefollower longtimefollower Jul 17, 2009 1:13 PM Flag

    Sell and Wait for Pullback

    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.

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    • One more prediction. Profit taking today during the last hour. GCI will close under 4.70.

    • Let me reiterate.....I'm bullish longterm on the stock. But it is overbought and so is the whole market. What's around the corner next week? More earnings from alot more weaker companies reporting. Look at BAC and C announcements today...they are really bad. There is alot more bad news yet to come and also weaker advertisers like NYT to report. GCI is still moving with the market. If I'm wrong I can always buy back at a higher price but after a 40% run I'm happy. Like I said good luck to all the longs I hope it hits $6; but more than likely it will pull back to the low 4 to cosolidate before running up. JMO.

      • 1 Reply to mikestarfish
      • Look at how heavily shorted stocks came back from the dead during the 1990-1991 recession lows.

        Trust me, GCI is FAR from overbought, if the economy experiences a "V" bottom.

        We could easily rise day after day toward $10 a share the next few months, WITHOUT MANY BREATHERS.

        I can tell you have NOT traded through many economic cycles before now.

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