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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
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To: Janice Shell who wrote (1976)5/11/1998 10:20:00 PM
From: MeDroogies   of 6931
 
CNBC does not DEAL in rumor...they get their information from very reliable sources, in general. Sometimes, their information is not exactly on the mark, but name an analyst who has 100% accuracy...Furthermore, when rumors are reported on CNBC, they are reported TO BE rumors. I know THAT for a fact, as it caused several problems early in their existence with a few reporters.
In fact, I know of several CEOs who WILL NOT ever be back on CNBC because they tried to pump their stocks on pure rumors...
CNBC does try to report on rumors to keep investors informed, but I can't honestly say they've ever been terribly embarassed by a poorly reported story in the last 2-3 years.
As for saying that information is forthcoming in an upcoming press conference...I have heard CEOs from Jack Welch to UVN's own Henry Cisneros share information in a manner such as "we will be having some very big news" or "very good news" to share in a short period of time.
I hardly think that is very different from being a hypester...both of them are pumping their company. The difference is always in whether or not the news comes through. AAPL consistently uses a Steve Jobs appearance as an opportunity to pump their stock...and with great results, as my portfolio will attest.
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