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Media, oh Media, what are you smoking...?

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April 16, 2010 – Comments (3) | RELATED TICKERS: JRN , LEE , MNI

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

Reply | Report this post 

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?
p.s.
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... :)

p.s.

LEE is now up 24% since I posted this 8 trading days ago...

3 Comments – Post Your Own

#1) On April 16, 2010 at 1:42 PM, EPS100Momentum (72.66) wrote:

Retailers are also holding up well.

 

KID, ARO, GES, TIF

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#2) On April 16, 2010 at 2:49 PM, dare1182 (< 20) wrote:

lets not forget that GTN was down more than 6% yesterday : )

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#3) On April 16, 2010 at 10:07 PM, dragonLZ (99.33) wrote:

WOW.

The market finishes down 1.7%, and media14 portfolio finishes up 0.6%.

Today's returns of the magic trio:

LEE +7.7%

MNI +7%

JRN +3.7%

 

p.s.  For what is worth, I think it's time to get into Media General (MEG), currently at $10.51.

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