This post was just published on ZYX Short Sell Change Alert.
SBGI is conducting a secondary. Our view on this stock remains negative and our new target is in the teens. However, in overall market conditions similar to the ones that exist now, there is a pattern of stocks that are levitating to go up after a secondary. For this reason it is best to take profits now and plan to short it again if it runs up. The stock is at $25.35 as of this writing.