There won't be a big pullback. Market cap is still well under 100 million. Maybe when it gets close to 150-200 million markey cap you will get a pullback, not nothing major until then.
Best balance sheet of all the newpapers, and book value is many multiples above current price. There is a reason this is motoring.....simply, there are no sellers. What you had with LEE and MNI were lots of people getting in at 50 cents....now they are taking profits and they also realize that those companies have tons of debt.
Not a lot of people got in with AHC near the lows....just check the volume, it started picking up in the 1.50 to 2.00 range. Other than that, there weren't a lot of shares trading.
If you own a speculative security and it advance fast, it is advisable to lock in some profits, but when you own a security selling well below asset value and it goes on a little run, yo will kick yourself if you sell before you double and triple your money.
When a whole industry gets left for dead and then recovers, you can make a lot of money. And that is what I am doing right now.
It is obvious it is heading over $5 before it ever heads below $3 (it may never go below $3 again), so you can't sell now. Share price will appreciate steadily until October round of newspaper earnings.
Sit back and enjoy the runup.
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