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.
Monday, June 29, 2009
McClatchy shares up 10% on higher-than-normal volume
McClatchy (MNI) shares were trading at 51 cents per share at 1:45 EST, up 10 percent on the day. The Dow is up about one percent so far today. More than one million shares of MNI have changed hands. . . .
7 comments:
Dave D.
said...
..They saved ! They saved ! Breakout the Ripple, McClatchy had a good day.
If you get your information from Wall Street 24/7 you are misinformed.
MNI's tank last Friday was at the hands of a single institutional trade.
MNI opened at .51 today and remained in a range of 3 cents, under control of day traders. No one is accumulating shares of MNI and it didn't have a bounce.
The inbred family is clinging to control of this shipwreck by their fingertips. They have no idea how to turn it around and the best hope they have is to let it run into ch. 11 and walk away.
7 comments:
..They saved ! They saved ! Breakout the Ripple, McClatchy had a good day.
Dave D and champagne for Cap'n Gary. He needs something to steel his nerves for the looming shipwreck.
That's what you'd call a Dead Cat Bounce.
Apparently the reason it tanked on Friday was that it was delisted from the Russel 3000.
"institutions tracking russell 3000 were forced to sell"
Why the bounce?
If you get your information from Wall Street 24/7 you are misinformed.
MNI's tank last Friday was at the hands of a single institutional trade.
MNI opened at .51 today and remained in a range of 3 cents, under control of day traders. No one is accumulating shares of MNI and it didn't have a bounce.
The inbred family is clinging to control of this shipwreck by their fingertips. They have no idea how to turn it around and the best hope they have is to let it run into ch. 11 and walk away.
maybe the corp execs can split the penny amongst themselves and put the next round of layoffs in motion and attempt to save their jobs
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