This is totally speculative, but in a day where the Dow (blue) is down - and a time when Monster (MNST) hits a 52-week low - the Trumpasaurus (red) is spiking.
By our count, MNST rose 6 percent in the last 2 hours or so of trading. This is at a time where the market was falling off a cliff - down 100 points in the last 30 minutes of the day, and down 2 percent in the same time MNST was up. And it isn’t like it’s a trend with other employment-related stocks or that Monster is primed to announce a big quarter.
Again, totally speculative, but it certainly is curious and I wouldn’t be surprised to see some big news coming out in the days or weeks to come. Stay tuned.
September 17th, 2008 at 6:39 pm
Maybe there’s inside info that they’ve turned their model around to respond to the current economic conditions….
Job postings will be free, but candidates will have to pay $349 per piece of crap that they want to view.
September 18th, 2008 at 10:05 am
Yeah, I heard Lehman Brothers was buying them… ;-)