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What's up with MNI?????

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January 27, 2010 – Comments (4) | RELATED TICKERS: MNI

MNI is a garbage stock. 70% of All Star CAPS members say this stock will underperform.

It was identified here as a stock poised to plunge, still, MNI keeps going up (14% up today).

What's wrong with this stock?

p.s.

MNI is up 96% since this post here:

Our undercover agents at GS in Dubai are now telling us this might be the last chance to grab shares of MNI under $6. What is it they know that our All Star Fools don't?

4 Comments – Post Your Own

#1) On January 27, 2010 at 12:44 PM, dragonLZ (99.34) wrote:

Can the rumors that MNI is gonna go through the roof during this quarter be true? No way.

We have our analysts on the scene (actually, more like behind the scenes) ready to give you minute-by-minute updates as this story unfolds...

Don't touch that remote or you might miss the MNI's expected plunge...

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#2) On January 27, 2010 at 12:47 PM, ElCid16 (96.95) wrote:

http://www.marketwatch.com/story/mcclatchy-moves-to-profit-shares-jump-12-2010-01-27

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#3) On January 27, 2010 at 1:22 PM, peterod2 (< 20) wrote:

Exactly, MNI is a garbage stock and everyone thinks this company sucks dog but its in the process of turning around and will surprise everyone on the upside because things are not always as bad as they seem....

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#4) On January 27, 2010 at 2:04 PM, bothisellhigher (< 20) wrote:

Looks like things are cool above $5.35 and headed for $10.50.

I believe you have something here Dragon.  AOL quotes a nice dividend as well though I can't find info that it was paid in either of the last 2 quarters...I'm playing the market short now however, (TZA) and it really looks like down is the current pattern to play...so I have too much of a problem with bucking the trend (current) and trading long anything right now. 

Somehow though it just "feels" like I'm going to incur some opportunity cost re:MNI.  Best of luck to you cause I bet you've bought some...

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