Tuesday, July 14, 2009

McClatchy shares drift lower on light volume

McClatchy (MNI) shares were down nearly 9 percent Tuesday, closing at 42 cents a share. Just 268,976 shares changed hands; average volume is 1.1 million shares.
.
.
.

11 comments:

Anonymous said...

How come when the stock drifts up, as it did yesterday, MW never seems to cover the increase?

Anonymous said...

Every other major newspaper company's stock went up today. Hmm.

McClatchy Watch said...

When you look at this chart, drifting higher would definitely be noteworthy.

Anonymous said...

Perhaps you misunderstood or I wasn't clear in my questioning. I wonder how you choose when to cover the stock activity. It seems you elect to not cover days when the stock price closes up more so than when it's down. It seems percent change and volume aren't driving your decision.

Anonymous said...

4:07... it goes something like this. MW, like the main stream liberal media covers what they choose to cover. For example, if Obama thinks there are 57 states, that is fine. If Bush misspeaks it is the end of the world. If Biden says we will be tested within six months it is gospel. If Cheney did it it was fear mongering.

Of course MW does not claim to be a classically trained professional journalist reporting unbiased news, while the Obama butt lickers in the main stream media do (both claim to be unbiased and lick butt).

But you knew that already. So the best advice is to ignore MW and use all of your savings to buy MNI stock. D

McClatchy Watch said...

Once in awhile I blog about an increase in MNI's stock price, when it seems newsworthy, or when it gives readers a sense of what is going on with the company (example here). But given MNI's trajectory, reporting on the decreases gives readers a sense of what is really going on. Click here to see MNI's 5 year trajectory. If you want to see a blog report on momentary upward blips in MNI's stock price, you'll have to go somewhere else.

Anonymous said...

Kinda reminds me of "Dr. Strangelove, or: How I Learned to Stop Worrying and Love the Bomb" and the last scene:
Aircraft commander Major T. J. "King" Kong (Slim Pickens) goes down to the bomb bay to open them himself, straddling a nuclear bomb as he tries to fix sparking wires overhead. As the B-52 reaches its target the doors open, triggering the bomb to fall without further warning. Kong rides the bomb to the ground like a rodeo cowboy, whooping, hollering and waving his cowboy hat.

http://en.wikipedia.org/wiki/File:Slim-pickens_riding-the-bomb_enh-lores.jpg

Ride it to the bitter end boys!

Anonymous said...

How come when the stock drifts up, as it did yesterday, MW never seems to cover the increase?

=================

McClatchy didn't drift up yesterday no more than it drifted down today. Yesterday at the bell the stock was trading at 42.5 cents per share and at 16:03 hrs someone bought 2533 shares for .46 cents per share.

While the closing price turned out to be the manipulated price due to happening during the closing period, today's open was actually right in line with the after hours and premarket bid/Ask, meaning that MNI was actually flat for the day and hardly a news breaking event in either direction. In fact, it is usually better not to make a big deal out of them because people who bump the prices at the last second are usually boiler plate, back room operations hoping to scam someone.

Anonymous said...

3:28 PM LOL. That's drawing a picture for him.

Anonymous said...

Anon 4:21 BRAVO!!!!! THANK YOU!!

You sir, made my day, made me laugh, and you are very articlate.

If you did write for MNI, you wasted your talent. I wish you could let the blog know what paper you work for so I could follow your column.

Did I mention you are witty, and funny

Anonymous said...

"We are positioning McClatchy for a long and prosperous future."

Too bad the phoney can't simply will the stock higher huh?