The McClatchy Company

March 6th, 2015

MNI Short Sell

MNI

Yesterday, I was trying to figure out what companies to invest in or short sell. At exactly 11:23 am, a company by the name of The McClatchy Company hit yearly low of $2.00. I decided to short sell assuming it would continues to drop a couple cents. I sold 35000 shares at $2.00. The company began to fluctuate between $1.91 and $1.94 and it even hit $1.89. Today the company was at price of $1.93 and had a trend of going up. So I decided to buy to cover. I bought these 35000 shares at $1.94. I learnt that taking risks, sometimes can make you some money.