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Pastimes : CNBC -- critique.
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To: Joseph Beltran who wrote (8229)7/25/2001 11:48:52 AM
From: Ron   of 17683
 
There is an excellent article today in Investors Business Daily on whether you should try to catch a falling knife when a stock is plunging. They use CSCO as an example in spring of 2000 when it was strongly touted by an analyst on CNBC, then a few weeks later by Maria Bartiromo. The accompanying chart shows the dates of the "strong buy" comments and the plunge off the cliff from there and also later in the year.
A really good line from the article is "Would you attempt to catch a falling knife because a TV personality told you to?" At any rate..if IBD was in bed with CNBC the way the WSJ is..we would not see this kind of factual reporting. Another reminder aboutr media incest and the problems therein. FYI
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