This blog is mainly about the spectacular train wreck at The Sacramento Bee and its parent company, the McClatchy Company. But I also post about current events, the Iraq and Afghanistan wars, politics, anything else that grabs my attention. Take a look around this blog, hope you enjoy it.
Tuesday, March 31, 2009
Tuesday March 31 -- Got news or a question?
If you have news or a question, leave it in comments. . . .
34 comments:
Anonymous
said...
The Old Gray Hag is caught with her panties down again. Man, that’s an ugly thought. ------------------------ 'New York Times' Spiked Obama Donor Story - Philadelphia, by Michael P. Tremoglie
A lawyer involved with legal action against Association of Community Organizations for Reform Now (ACORN) told a House Judiciary subcommittee on March 19 The New York Times had killed a story in October that would have shown a close link between ACORN, Project Vote and the Obama campaign because it would have been a “a game changer.”
"Obama's Indonesian name?" ---- Obama's Indonesian name is B Hussein O. Barry Soetoro is his Hawaiian name, and Joe Camel is his Nicotine Island name. Scary Barry is his Chicago name. The name on his birth certificate is, uh-er, ur-er, that is not quite clear.
Glad to help you out of your voter’s remorse funk.
Here's what I want to know: what percentage of this site's record-breaking hits come from the repetitious wingnuts posting here? I'm guessing 30% at least.
Newbie writes: “Here's what I want to know: what percentage of this site's record-breaking hits.. ---- Every blog has its regulars, it would not last without them. There are thousands of choices more in tune with your mindset. What’s your problem? Surfing on the net is free. Stand up for your opinions, or go back to comic books.
"Amid a decline in company profits and revenue, Pruitt's total compensation fell to about $2.8 million, down from $4.6 million in 2007."
$2.8 million is still way too much IMO! I would like to know what a CEO who has taken a good company into near oblivion should be paid? Is he going to take that $2.8 million until MNI croaks? He should be fired!
Liberal trying to dictate discussions snarks, “How about Cuba?” ----------- There was a lot of information here about the Miami Herald, Miami, and Cuba. If you didn’t learn anything? Well, you are who you are.
Yeah... what is going on with this 10.2 million shares? I don't know all that much about the market. Who is selling and who would be buying?
============= This was unusual as it was over the counter and did not affect the price, which means there was likely market maker intervention. If it was committed by a 5% shareholder there will be a SEC filing within a few days. This was likely part of an unwinding that started yesterday as sometimes it takes awhile to unload large positions.
I have had occasion where I got into a stock on a Monday and it took until Thursday to get out. That's one reason why it is unwise to deal in cheap stocks that trade low volumes.
What does this mean? It is hard if not impossible to say. It all depends on exactly who and what was behind the transaction. Considering that this is the end of the quarter the odds are one of the Mutual Funds or one or more of MNI's brain dead institutional holders are adjusting their portfolio's so they don't have to disclose to shareholders that they own it.
People don't really know what stocks their mutual funds are holding on any day except for their report dates. Leading up to that time and immediately after, a Mutual Fund is free to adjust their portfolios however they wish.
The last thing an actively managed Mutual Fund wants to do is show shareholders that they hold a lemon like MNI so they unload it before the report date and stock up on best performing stocks. They then report that they hold the good stocks when they were actually holding the loser for several months. It is called, "Dressing Up" for obvious reasons.
I doubt seriously that anyone entered a huge short at this time. I don't think they could borrow the shares.
What is most significant in my opinion is that MNI hit the .50 level again and there was not a rash of short covering. That is really bad news for MNI because the floor just got lowered to probably .40 cents. On the brighter side though, fair value of McClatchy is probably closer to .20 cents.
I appreciate our stock experts. I don’t have stocks, nor the money to buy any, but watching MNI with some very patient experts explaining things along the way, has been an education in itself.
All the better, I’ll take ‘hands-on’ money information any day over the business news people that missed the current devastating stock market trends, while they fiddled, or whatever it is they do.
34 comments:
The Old Gray Hag is caught with her panties down again. Man, that’s an ugly thought.
------------------------
'New York Times' Spiked Obama Donor Story -
Philadelphia, by Michael P. Tremoglie
A lawyer involved with legal action against Association of Community Organizations for Reform Now (ACORN) told a House Judiciary subcommittee on March 19 The New York Times had killed a story in October that would have shown a close link between ACORN, Project Vote and the Obama campaign because it would have been a “a game changer.”
The 50Ȼ MNI firewall has been re-breached, moneybags are being filled to build a faux dike to prevent a total wash over.
-Fake Obama meets fake Queen at fake G-20-
Christian Science Monitor
by Jimmy Orr
----
The curtain is being pulled back for a peep. Be afraid, very afraid.
Hey, could we hear some more about Marxists and Obama's Indonesian name? How about Cuba?
I need a laugh today.
Obama has chosen 500 of his best campaign workers to accompany him on his European Vacation.
10:24 Sorry, we've already had our laugh for today. See the first comment about the NYT. Every day a new giggle.
"Obama's Indonesian name?"
----
Obama's Indonesian name is B Hussein O. Barry Soetoro is his Hawaiian name, and
Joe Camel is his Nicotine Island name.
Scary Barry is his Chicago name. The name on his birth certificate is, uh-er, ur-er, that is not quite clear.
Glad to help you out of your voter’s remorse funk.
12:13:54 PM Trade 0.495 9815000
There is a story here. 10 million share over the counter trade and the price change goes down only 1 penny.
Scary Barry is his Chicago name.
---------------
Damn, I thought it was Whet Daddy C-note.
It turns out, Jayson Blair was well suited for employment at the NYT.
The NYT is a complete waste of trees. Why isn’t the Sierra Club ranting and raving?
Here's what I want to know: what percentage of this site's record-breaking hits come from the repetitious wingnuts posting here? I'm guessing 30% at least.
Because they sleep in the same bed and feed from the same trough.
Here's what I want to know: what percentage of this site's record-breaking hits come from the repetitious wingnuts posting here?
------------
What's your guess on whining leftist fudge packers? I am guessing 35%. We appreciate the fodder.
"whining leftist fudge packers"
That's a winner!
-ADC to Honor Helen Thomas at Convention and Inaugurate Journalism Scholarship-
Hamas must be saying, “Mission Accomplished”
Newbie writes: “Here's what I want to know: what percentage of this site's record-breaking hits..
----
Every blog has its regulars, it would not last without them. There are thousands of choices more in tune with your mindset. What’s your problem? Surfing on the net is free. Stand up for your opinions, or go back to comic books.
Yeah... what is going on with this 10.2 million shares? I don't know all that much about the market. Who is selling and who would be buying?
McClatchy CEO's 2008 compensation falls 40 percent
How can Gary pay the rent with only $2.8 mil a year in compensation? The guy is going to have to layoff his gardener and housekeeper.
He has plenty of experience laying off........should not be a problem. Maybe he can outsource the tasks to Indis or Malaysia. B-----D.
"Amid a decline in company profits and revenue, Pruitt's total compensation fell to about $2.8 million, down from $4.6 million in 2007."
$2.8 million is still way too much IMO! I would like to know what a CEO who has taken a good company into near oblivion should be paid? Is he going to take that $2.8 million until MNI croaks? He should be fired!
Liberal trying to dictate discussions snarks, “How about Cuba?”
-----------
There was a lot of information here about the Miami Herald, Miami, and Cuba. If you didn’t learn anything? Well, you are who you are.
MNI = 53 days under $1. Counting only Market days.
Yeah... what is going on with this 10.2 million shares? I don't know all that much about the market. Who is selling and who would be buying?
=============
This was unusual as it was over the counter and did not affect the price, which means there was likely market maker intervention. If it was committed by a 5% shareholder there will be a SEC filing within a few days. This was likely part of an unwinding that started yesterday as sometimes it takes awhile to unload large positions.
I have had occasion where I got into a stock on a Monday and it took until Thursday to get out. That's one reason why it is unwise to deal in cheap stocks that trade low volumes.
3:16 Can you explain a little more? What will this mean?
What does this mean? It is hard if not impossible to say. It all depends on exactly who and what was behind the transaction. Considering that this is the end of the quarter the odds are one of the Mutual Funds or one or more of MNI's brain dead institutional holders are adjusting their portfolio's so they don't have to disclose to shareholders that they own it.
People don't really know what stocks their mutual funds are holding on any day except for their report dates. Leading up to that time and immediately after, a Mutual Fund is free to adjust their portfolios however they wish.
The last thing an actively managed Mutual Fund wants to do is show shareholders that they hold a lemon like MNI so they unload it before the report date and stock up on best performing stocks. They then report that they hold the good stocks when they were actually holding the loser for several months. It is called, "Dressing Up" for obvious reasons.
I doubt seriously that anyone entered a huge short at this time. I don't think they could borrow the shares.
What is most significant in my opinion is that MNI hit the .50 level again and there was not a rash of short covering. That is really bad news for MNI because the floor just got lowered to probably .40 cents. On the brighter side though, fair value of McClatchy is probably closer to .20 cents.
4:03 Thanks a lot
I appreciate our stock experts. I don’t have stocks, nor the money to buy any, but watching MNI with some very patient experts explaining things along the way, has been an education in itself.
You're welcome. Just keep in mind that you are watching and learning of a poorly managed, failing stock and not a legitimate corporation.
It's useful information for identifying short selling opportunities and things to avoid, but I am a trader, not an investor or adviser.
Hey, 1:55,
Newspapers are not outsourcing to Malaysia. I think you meant Manila, which is in the Phillipines. Get a map and a clue.
And Bangalore, India ... not Bangladesh.
Outsourcing moves to Bangladesh; Tiny country rises as neighboring India gets too expensive.
"Bangladesh is definitely emerging as the next center for outsourcing”
----
This has been going on for two years already!
I am a trader, not an investor or adviser.”
All the better, I’ll take ‘hands-on’ money information any day over the business news people that missed the current devastating stock market trends, while they fiddled, or whatever it is they do.
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