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Lee Enterprises, Incorporated Message Board

  • joe_omaha_11 joe_omaha_11 Jul 10, 2013 12:25 AM Flag

    Who's buying

    David Einhorn's book...."always ask who is on the other side of the trade" & "do you know more than they do"

    I have been selling at 2.04 & 2.41....only 25% of my position. I remember the trading was up on the day prior to WEB announcing he refinanced 90 million for LEE. Hence, I don't have faith there is a lot of inside info in the hands of the "buy" side of the trades.

    No news and the stock is up 50% in the past 5 trading days??!!

    Frankly, two month ago, I figured WEB could have this at 3/share. But the traders are telling me something different. I will keep selling my position as I think it is close to fair value..... but more slowly than I otherwise would. Just don't think the playing field is even here.

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LEE
1.92+0.06(+3.23%)Sep 1 4:04 PMEDT