that's not like you. i'm waiting for GTN to catch up with the rest of the sector's run. this looks like more of a buy point than a sell. who cares what the CEO says. if someone wants them, they will get them for the right price.
one of their assumptions in their fancy little model was $90 oil. when is the last time we've seen $90 oil? how about we assume $100 oil, since that seems to be the floor. that extra $10/barrel should be pure gravy then, right? My rough conservative calculation is $70 million more to the bottom line or $.85/share. what does that do to your price target, topeka? Should raise it by at least $8, so why don't we round your price target to $20.
the day before the takeover was announced, it dropped 4% on average volume. it opened the next day up 27%. goes to show that these things do sometimes come out of the blue.
Stop worrying about the hour to hour price changes. Remember, pigs get slaughtered.
you get a different TA signal every day. friday was a bullish engulfing so which signal takes precedence? look at each of the 3 spikes higher in the last 6 months. they all had this consolidation right in the middle of the move higher and each has occurred at a higher level than the last, as have all phases of each move. so based on that, we should have reason to believe a higher high is in the making here (i.e., above $9.25). the fundamentals also provide fuel to keep this moving higher from here.
don't worry about today's action. i can't think of another sector that benefits from all of the nasty politics as much as this one. hopefully soon, someone at one of the big houses makes the same observation and these stocks get hotter.
could be, and one reason is the stakes are raised next year as the political campaigns heat up.
EVC being held down by a dumb ex-insider selling. if it had a brain, it would hold out for higher prices because these stocks sure do want to fly. we still might get on a roll to $6 before the day is out.