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Technology Stocks : America On-Line (AOL)
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To: Johndee who wrote (27545)8/1/1999 4:22:00 AM
From: Sonny McWilliams  Read Replies (1) of 41369
 
Johndee. Yes, CNBC Can cause people losses but also gains. But coming out with those kinds of rumors late in the day is def. a practice that SHOULD be stopped. Unless they did mention it around noon, when those rumors supposedly came out, broadcasting it so shortly before the close is out of this world. You def. have to question their motive. Whatever happened of checking out easy rumors like that before you run with it? I guess we know now that it was false. They could have said there was a rumor around lunch time blah, blah, blah but we have checked with Barrons in the meantime and that rumor is false. It does not take a brain surgeon to check this story out in over 3 hrs. when you are a business channel unless you are a bit less than that. I am very surprised that Ron Insana would do this unless it come from higher up. They can get every Tom, Dick and Harry on short notice when they are in a hurry to find negative analysts. Calling Barrons I guess never occurred to them? They have this one guy from Barrons on quite frequently so why not ask that guy? Well, like I said, we are finding out more and more about CNBC and their business reporting.

This last trade of 97 1/8 on CNBC's tape is funny also. In their weekend business show AOL was shown at 95 something.

Sonny
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