Media, oh Media, what are you smoking...?
I know I promised I'm not gonna be bothering you with the media posts any more, but I just have to report this.
I also know that it's only noon, and that things can change (for the worse) rather quicky on a Friday afternoon (especially when market is getting killed), but I just have to share this with you.
As you probably know, lately I have been reporting on the regular 4-5-6% daily jumps of my (now famous) Media Portfolio of 14 stocks (just yesterday made even more famous by TSIF).
However, as you know, the market is getting killed today. S&P is down 1.8%, Nasdaq is down 1.6%, and Goldman Sucks is down 14%.
And what is happening with my media portfolio?
It's down only a half of a percent. 0.5%, that's it.
Can you believe that? Can you believe my media portfolio that was on a such wild run as of late is down only half a percent? Unbelivable, I think.
But here is the best part and the reason I'm writing this today.
Which media stocks are the best performers today:
Lee up 5.7%, JRN up 3.8% and MNI up 3%.
And why is that important?
See what I wrote as a comment on UltraLong's pitch on GTN just 2 days ago:
Reply: dragonlz 4/14/10 7:41 PM
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I agree, UL.
Why would anyone put money into this stock when they can put money into other media stocks like MNI, LEE, and JRN.
I think these 3 will double much sooner than GTN will.
Don't you agree?
But, who knows...
Do you see now why I love Media Stocks and why I'm so excited to share this with you? Those same 3 stocks from Ultra's pitch.
I'm telling you Fools, Media is place to be... :)
LEE is now up 24% since I posted this 8 trading days ago...