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LIN TV Corp. Message Board

daninfw04 229 posts  |  Last Activity: Aug 15, 2014 3:27 PM Member since: Mar 23, 2004
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  • daninfw04 by daninfw04 May 23, 2014 4:05 PM Flag

    Sold 30,000 PBY today at $10.36 for a profit of about $16,240 for holding just 2-3 days. Will buy again below $10.82...........just FYI. DaninFW

  • daninfw04 daninfw04 May 27, 2014 2:00 PM Flag

    As I said at the time, on that day there was a 60,000 share block at $4.82 and within 2-3 minutes it was above $5 again.........There may have been less than 1,000 shares traded below $5.82......I was watching all trades at the time. It is possible 100-200 shares hit $4.72......and I think the numbers got transposed ($4.27 instead of $4.72),,,,,,,,,,,looks like the records are going to show $4.27 but my money says $4.82 was the actual low because again, less than 1,000 shares traded below $4.82. Just FYI DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 May 27, 2014 2:04 PM Flag

    The disappointing earnings release from AZO this morning does not bode well for PBY on 6-10-14. Should test low 9's again. I knew AZO was reporting today which is another reason I sold PBY on Friday. The jump today makes no sense. DaninFW

  • daninfw04 by daninfw04 May 28, 2014 1:06 PM Flag

    Last few days we have had a big seller. He usually lets it go up 5-10 cents and then dumps. Good news is we have buyers but every time we pop 5-10 cents he dumps 15,000-20,000 shares. I have watched closely last few days and this pattern has been constant. However, about 30 minutes ago he drove it down to $5.09 but dumped about 50,000 shares at $5.10 and now we are moving up at $5.17 as I type this. Now $5.18. This type of trade usually indicates the big seller just unloaded the last of his dump. Now $5.19. Entire sector has been relatively strong last few days and up 3-4% today on a down day. Now $5.21. Looks like he might just be gone. Unbelievable. Going up faster than I can type. Now $5.25 DaninFW

    Sentiment: Strong Buy

  • Reply to

    Big Seller

    by daninfw04 May 28, 2014 1:06 PM
    daninfw04 daninfw04 May 28, 2014 1:08 PM Flag

    We traded 180,000 shares in just the few minutes I typed the posting above. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 May 28, 2014 1:12 PM Flag

    The latest issue of Forbes has two great articles. One on the Aereo issue which is very favorable to broadcasters and the second article on Nielson who has almost completed a new rating system. Advertisers only pay for views the first three days and nothing thereafter. Now, Nielson is able to show who, what and when on any device, tv, laptop, smart phone, online, etc. which it has never been able to do before. They are also platforming from Facebook and their 180 million data base. They can even now tell advertisers the age groups, income levels, etc. of the viewers of any program. Going to allow broadcasters to charge more for advertising.......DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 May 30, 2014 10:09 AM Flag

    I was dead right about a big seller but blew me away when I saw who this morning. Wilkinson unloaded the remainder of his stock in automatic trading the last three days. He dumped 531,960 shares the last three days and now is at zero. Yes, he owns million more in trusts, etc. but the planned sales are over. He literally killed the stock the last three days. There is no reason we should not be going up now. Should be interesting now that we don't have the automatic bi-weekly dump. It is also interesting to note that his last dump was less than a week before. Not typical automatic sales pattern. IMVHO it's a great time to get in now. Wish I had waited as I am still under water but I made about ten times more than I'm down now trading the past year or so. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Big Seller Gone

    by daninfw04 May 30, 2014 10:09 AM
    daninfw04 daninfw04 May 30, 2014 10:44 AM Flag

    I think Luminar is a valuable undervalued asset. It will be interesting if there is more selling. I honestly don't expect any. I suspect that current holders know there will be another special dividend with almost $1.00 per share free cash flow this year and stand to get 20-40 cents dividend this year. May sell after dividend payment. Plus, many of their current shares are class b which pretty much controls the company. They have to convert to" a" shares to sell. Not likely IMVHO. Wilkinson could still easily dump another half million a shares he currently holds in open market. That's the downside. Unlikely to download anything from the trusts at this point. DaninFW

    Sentiment: Strong Buy

  • Reply to

    When a Director/Founder dumps 531,960 shares ..

    by truth.monger May 30, 2014 11:02 AM
    daninfw04 daninfw04 May 30, 2014 11:28 AM Flag

    I remember when the Smiths were selling their SBGI stock at $4-8 and I thought it was nuts. SBGI still over $30 today. When you have so much of your personal assets in one company you need to diversify. I remember the O'Reilly's selling their ORLY at $10 a share before several splits. That would be about $2 a share now. ORLY about $150 today. Insider selling doesn't have same connotation that it used to have. I agree it's easy for the average investor to misconstrue. However, if you look at all the dumps last 3 days there were many buyers for many blocks of 20,000-30,000 shares. One trade was over 60,000 shares a week or so ago. Large institutions have lined up to buy cheap shares. If they want large blocks now they will have to pay much more IMVHO. Next week might well be the turnaround. I would add that one of the biggest problems is BOD's giving millions of shares to insiders including themselves. Most people want to spend that money today not ten years from now. Those selling today know they are going to be given many more shares down the road. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 May 30, 2014 11:53 AM Flag

    The announcement that Wilkinson is done selling may well be the strongest buy signal we have had in months. His orchestrated dump the last three days signals that they knew there were buyers for all of his over half million shares and that stock wouldn't crater. The smart money knows this and last of weak hands should get shaken out next few days......or sooner. DaninFW

    Sentiment: Strong Buy

  • Reply to

    When a Director/Founder dumps 531,960 shares ..

    by truth.monger May 30, 2014 11:02 AM
    daninfw04 daninfw04 May 30, 2014 3:10 PM Flag

    It was not his decision to sell the large block. That's why it's called automatic trading plan. The stock is periodically sold whether good news or bad news. It takes all the insider info out of it. Whoever he hired to trade the plan is the one that called it. They found large buyers. Th trading plan may have had a timeline and getting close to expiring. I won't pretend to understand the dynamics other than Wilkinson didn't make the decision other than when he set up the plan DaninFW

    Sentiment: Strong Buy

  • Reply to

    When a Director/Founder dumps 531,960 shares ..

    by truth.monger May 30, 2014 11:02 AM
    daninfw04 daninfw04 May 30, 2014 3:19 PM Flag

    I would add that on an automatic trading plan there is also the uptick rule where they can only sell after an uptick. That means EVC could trade 100 shares at $5.30 and they could sell 20,000 at $5.28 and then wait for it to trade at $5.29 and then unload another 100 shares, 5,000 shares, etc. On a volatile stock like EVC it can create wild swings. My two sons actually set up these plans for some of their clients that are executives, insiders, etc. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 May 30, 2014 4:09 PM Flag

    About 15-16 minutes before market close EVC traded a block of almost 50,000 shares at the high of $5.38. The market maker immediately took it down to $5.32 and in less than 30 seconds we traded another 10,000+/- shares and was back to $5.36-$5.37......then we traded over 100,000 shares between $5.35-$5.36 and there was a buy order for 70,000 shares at $5.35 at the close. We just traded 265,000 shares at the close last trade at $5.36...........someone is buying all they can while trying to still get it cheap. We are just barely under a 18 month +/- high for short interest. I think the stock may be getting run now with a 4-5 day cover ratio which is also one of the highest. We may well have seen a lot of short covering today. Monday should indeed be very interesting. DaninFW

    Sentiment: Strong Buy

  • Reply to

    When a Director/Founder dumps 531,960 shares ..

    by truth.monger May 30, 2014 11:02 AM
    daninfw04 daninfw04 May 30, 2014 7:38 PM Flag

    Again, you are a smart guy but don't understand. Once plan is put in place he loses all control. That's why they can sell even when he knows insider info. It is not unusual for this to happen but when plan was set up he gave them the autonomy. The almost bi-weekly trades have been anywhere from 50,000+/- to 90,000+/- shares. That is because there is also a rule that on automatic trading they can only sell a percentage of total trades for the day as well. There may and should be an SEC record when he implemented the plan. I suspect the timeline was almost done and he had committed to sell the total amount when he started. The lower than expected daily volume probably put his back to the wall. Very similar to when someone becomes President and their stocks are managed by someone and they give up all control. You can take it any way you want. The market apparently views it very favorably as do I.

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 May 31, 2014 10:15 AM Flag

    Yesterday, NAB on behalf of broadcasters filed a second lawsuit against the FCC for the new rules adopted in March against sidecars and JSA's. Two other lawsuits by NEXSTAR and a group trying to buy SBGI stations also filed two more. Timing was impeccable. The day before SBGI told the FCC they were going to shut down and give up 3 licenses and spectrum so they could complete their Albritton deal. The two Republican FCC members that voted against the March rules quickly jumped on it and said this is what they expected. SBGI plans to shut down 3 tv stations in Charleston and Birmingham. One of the stations was going to be bought out by a black American so the new FCC rules are also now limiting minority ownership they said. What do you think the residents and politicians are going to do in Charleston and Birmingham? They ain't gonna be happy. I just love it. M&A will be back stronger than ever. I suspect we will have a decision relatively soon from the Court of Appeals. Congress isn't going to like the fact that new FCC rules will limit minority ownership, shut down stations and eliminate jobs and negatively effect the economy. The Smiths at SBGI had another plan but pulled it just to prove a point IMVHO. Last time I checked Birmingham was heavily populated by minorities that vote Democrat. Should get very interesting. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 May 31, 2014 10:17 AM Flag

    Just 2-3 weeks ago Barron's had an editorial that was very negative to broadcasters. Today they have an article on Gannett and how it could go up 40% because of their recent acquisition of Belo......a broadcaster. With the news on lawsuit and a positive spin on broadcasters we could have upward pressure Monday. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Jun 1, 2014 11:12 AM Flag

    This is from Investopedia and for truth.monger to show once again that I was right and do indeed believe what I say. Wilkinson didn't sell the 500,000+ shares because he knew something negative. It was pre-planned almost a year ago:
    "
    Benefits for Insiders
    There are several benefits of 10b5-1s for both insiders and individual investors:

    A Better Appearance
    Because a 10b5-1 is a pre-set systematic method of accumulating and/or disposing of shares, the possession of insider information becomes essentially irrelevant. By definition, this will help stem accusations of insider trading and/or front running after a trade is consummated. In short, for executives at high profile companies that are frequently the target of shareholder suits and almost always subject to scrutiny from the investment community, this system can be invaluable.

    Windows and Blackout Periods Don't Matter
    Many - if not most - companies have established trading windows, or time periods when an individual executive may conduct a transaction in the stock. Many companies have also established blackout periods where, during a certain time period, absolutely no transactions in the company stock may be effectuated.

    However, a 10b5-1 renders both of these strategies moot. That's because the trades are systematic and take place regardless of whether the individual has inside information or the company is about to report good or bad news."

    Sentiment: Strong Buy

  • I just researched SEC files and Wilkinson implemented his trading plan on 5-31-13 and set it up to sell all shares within a year by 5-31-14. That's why we had the dump last few days of last week. I wish I had been smarter. It appears the smart money has known for over a month or so that the plan was ending and he was going to have to dump. They drove the price down to steal the shares and he waited till the last minute hoping the stock would rebound. I view this as a positive that whoever was trading the shares was hoping for a bounce. A lot of big money IMVHO didn't want to buy more EVC shares knowing a big dump was coming. If anything, you can bet the market maker knew and was counting the days and the stock left to sell by Wilkinson. The black clouds have been removed and we should move back in the $5.50-$6.00 trading range until we get the Aereo decision scheduled for this month. I believe we will move back towards $7 easily if broadcasters win.

    Sentiment: Strong Buy

  • One thing that would jump start EVC would be a press release in a few weeks updating investors and analysts as to where they are in ad revenues from World Cup. They scared the hell out of analysts with their low ball numbers during the conference call. That would pop EVC above $6 very quickly.

    Sentiment: Strong Buy

  • Reply to

    We Need A Press Release

    by daninfw04 Jun 1, 2014 11:43 AM
    daninfw04 daninfw04 Jun 1, 2014 1:26 PM Flag

    bump over spam

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