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Gray Television, Inc. Message Board

  • heezdedjim_2002 heezdedjim_2002 Feb 13, 2013 10:17 AM Flag

    The Tipping Point.....

    There has been a great amount of buying over the last 6 weeks. It's obvious the stock has reacted to it. It's gained over 100% since the accumulation started as of this writing. It has been a relentless, methodical, slow and steady ascent. But I can't help wonder as I've seen in other similar circumstances, if we'll see a point come where sellers are exhausted, and the stock sees a huge 1 day gain. When it comes at the end of a move it's called a 'blow-off top'.

    No stock climbs forever. Just wondering how this move ends; what price does it start from; and is there something unlooked-for coming in the Earnings report next week, something that might justify a $5+ share-price.

11.12+0.02(+0.18%)Aug 29 4:02 PMEDT