This week, we may see something entirely different.
Word on the street has it that the country’s two largest pension funds, Calpers and CALSTRS, will invade the News Corp (NWSA – NASDAQ) shareholders meeting and vote to kick board chairman Rupert Murdoch to the curb.
This is your classic unstoppable force versus unmovable object.
One thing you can be sure of: “There will be blood.â€
Bottarelli Research Tip: I can’t tell you what’s being said in private meeting rooms as these leviathans prepare to clash. But, I can tell you that a significant amount of money has been leaving the arena early. We are seeing the beginning of a 3x Sell Signal Stack that could push NWSA as low as $21.01 by mid-November.
– Bottarelli Research
Source: Bottarelli Research
