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It's said a picture is worth 1000 words. Well, on Wall St., a chart is said to be the sum total of all the thoughts, feelings, emotions and opinions about a company, and that the chart is always right.

When I last covered the newspaper stocks four weeks ago, my conclusion was that they were nicely trending up but were too far gone to chase. Gannett, McClatchy and The New York Times have broken out and rallied in the weeks prior; only Lee remained in its pattern. Given the lack of upside potential, there was nothing we could do but wait to enter on a pullback or wait for consolidation patterns to form. Today we'll review the charts to see if either of these two criteria has been met.

When the Internet became mainstream, the newspaper industry was near the top of everyone's "going to die" list. From a business perspective, the economics were too good to be true. Instead of printing and distributing millions of physical papers, one copy could be posted online for all to read.

Monday, 21 December 2009 19:01

An introduction to Stock Talk

Written by readapaper.com staff

For an introductory offering, it is perhaps appropriate to offer an explanation of the goals of this column. Stock Talk will cover the ups and downs of major newspaper stocks, beginning with Gannett (GCI), McClatchy (MNI) and The New York Times Co. (NYT). We may add other stocks as time goes by, and if interest warrants. For a beginning, these three seem reasonable avatars for the sector as a whole. Aside from any announcements from the companies themselves, we may also refer to other announcements by third parties that track market metrics and such other factors as may have impact on future price moves of these stocks.

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Stock Talk

Jason Leavitt reports on newspaper industry stocks for readapaper.com with Stock Talk. Leavitt is the founder and sole operator of LeavittBrothers.com. Leavitt, who lives in the Denver area, is an engineer-turned-bartender-turned-trader. He has been trading since 1999, including full-time since 2002.

"I trade chart patterns within trends, and although I'd prefer holding for bigger moves, I'm shorter-term oriented and am typically exiting positions within a week or two," said Leavitt, who can be contacted at at jason@leavittbrothers.com.

LeavittBrothers.com

Leavitt Brothers is a 7-year-old stock picking and market analysis site for self-directed traders. It's goal: to save you time. Traders know it takes hours and hours to narrow the universe of stocks to a workable number. Leavitt Brothers narrows the universe of tradable stocks to what it considers the best.

The site is like an inexpensive office assistant with one good trade paying the membership fee for the year.

Newspaper Stocks

1 AHC 7.41
+0.04 (0.54%)    
2 DJCO 69.25
0.00 (0.00%)    
3 DM 9.62
+0.23 (2.45%)    
4 GCI 13.81
+0.33 (2.45%)    
5 GHSE 0.15
0.000 (0.00%)    
6 JRN 4.16
+0.07 (1.71%)    
7 LEE 2.29
+0.05 (2.23%)    
8 MEG 8.74
+0.62 (7.64%)    
9 MNI 3.15
+0.14 (4.65%)    
10 NYT 8.10
+0.33 (4.25%)    
11 SSP 7.60
+0.07 (0.93%)    
12 SUTMQ 0.00
-0.0010 (-55.56%)    
13 WPO 388.91
+2.77 (0.72%)    

Top Videos

Final day of 2009 for Columbia Chronicle

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Panel discussion on the future of newspapers

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Media class looks at social networking

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Andy Rooney on decline of newspapers

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Knight Challenge winner on Village Soup

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CNN's 'Reliable Sources' on newspapers

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