The New York Times Stock Closes At Multi-Year Low

It appears this Christmas season isn't the time for miracles for Pinch Sulzberger and the New York Times stock price.With today's close of $26.36,the recent low of $26.39 made on October 27,2005 is just now old support on the chart.The stock hasn't closed this low since April of 1999. The fact that the stock closed outside one of the Bollinger Bands means the trend should continue.We doubt the low is in yet.We'll be very interested to see if Pinch sells more NYT stock.