Friday, November 14, 2008

McClatchy shares fall hard in early trading

Yesterday I noted McClatchy shares had a big upward spike in the last minutes before the market closed. A reader explained the last-minute surge was due to naked short selling. Well, Friday morning, MNI fell sharply -- right about to the level it had been before the last-minute spike. Which seems to confirm the reader's explanation. More discussion here.

1 comment:

Anonymous said...

Yes, they were right on. I appreciate his lesson since I am not that up on how it all works. I am tring to learn. Thanks a lot.