tag:blogger.com,1999:blog-4726844761468242273.post1536081989779284043..comments2023-10-07T05:29:20.923-07:00Comments on McClatchy Watch: McClatchy drops 15 percent MondayUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4726844761468242273.post-21901485503874369272008-12-15T19:45:00.000-08:002008-12-15T19:45:00.000-08:00Yes, this stock is being targeted by short-sellers...Yes, this stock is being targeted by short-sellers. But there is a reason for this, and that is there is absolutely no sign from Sacto that anyone has any idea on earth how to reverse these horrible figures. They clearly mean less revenues, which means MNI is going to have trouble making their payments, which means more cutbacks and layoffs, etc. They need a new business plan, and they don't have it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-40052616536781430172008-12-15T19:20:00.000-08:002008-12-15T19:20:00.000-08:00The thing is, when you see MNI jump 15% you know i...The thing is, when you see MNI jump 15% you know it is short covering. <BR/><BR/>When I told you all that MNI was going to start dropping again on the 10th or 11th there was a reason. It is now currently trading without a dividend and till the end of the month people will be taking losses keeping sell pressure on the stock. <BR/><BR/>You should also note that this months revenue short fall was actually posted in the WSJ. Last month it was posted for a couple of hours and pulled, probably by McClatchy. This time they wrote an article to accompany the Press Release.Anonymousnoreply@blogger.com