hi all. altho i am not currently holding JRN, i monitor positions i have liquidated just to see if i made the right decision. i last sold JRN at $6.75 PPS so looks like i missed out on 12.15% gain. ugh. have bought and sold JRN about 5 times and did well each time. now, am looking for a dip to perhaps buy back in but, see that JRN has passed a resistance point of 6.78% and now looks like it is running. sure outperformed the DJI this week (congrats to you all). so, my question... What is going on now? why has volume picked up? looks like it is mainly buying, not selling. any feedback for an ex old Journal carrier?
My opinion, print becoming cost prohibative,will be obsolete or gone in 10 yrs. The future lies in the internet, electronic circulation (i.e.smart phones ,I pads, kindles ) TV, Radio and Cable. Steve Smith, CEO JRN cut his teeth in radio and TV, a strong avocate. The company is pushing strongly ahead in electronic publishing and delivery. My opinion , JRN in good hands with him as CEO.
Something isclearly happening at the Journal. It has been rising steadily in a dismal market. That the FED called "frothy." And is determined to slow down the party. With this volume in the Journal, somebody should know something. One day we will find out.
thx for the posting. i bought back in at the opening this morning at $7.46 PPS. nice run up again in a down market. glad i came back. wish i had spent more but split it up between ASBC and JRN. did you guys miss me? lol.