If it fails, then $3.65-3.75 should be pretty bedrock, and a fantastic buying opportunity. As I sold 1/3 of my remaining position in the early trading today, I will be looking to nibble a little bit in the low $4's, and, if it should fail (which I don't expect), very heavily in the $3.65-3.75 area.
My position in MNI is now larger than my position in LEE. That is probably my favorite right now. I think Pruitt has been cutting more aggressively, on the cost side, and it is going to show up more when MNI releases Q1, vs. what LEE just achieved.
Also, my position in GCI is roughly the same as LEE, at this time.
$4.00-4.25 should be a pretty comfortable trading range for LEE, I'm thinking, for the time being.