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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Jimbo Cobb who wrote (5971)2/7/2000 11:11:00 AM
From: Tommy Dorsey  Read Replies (1) of 9427
 
Jimbo you are right on the CNBC Sound bites. Which is exactly whey I now have a CNBC follow up page so I can continue discusssion on stocks I have recommended and provide the charts each day for those who want to follow the advice. The AOL mis calle is what percipitated it as we turned around on the AOL call but could not inform any of the viewers that a change had taken place. Things are always in flux in the market and often one must simply say I'm wrong and change direction. Investing is simple when done on paper or or after the fact but damn difficult when done in realtiy. They CNBC follow up page is a major plus to the CNBC viewers as they are not left hanging now. At least the e-mail I get from them is very positive. CNBC needs to do more of this on their CNBC site because everything comes in sound bites and I'm afraid investors can easily be misled or misinformed because the whole story could not be told. Often times the picture is grey and not black and white. In every case when I have to comment on a stock, I wish I had 3 more full minutes to tell the whole story. Like the NASDAQ stocks went to defense last week but when one looks a little further and wees on our site that the Percent of stocks above their long term trend lines is rising and the percent of stocks in columns of X's on their RS charts is rising you have one negative and two positive. Along with that there are other discussions one migh have with respect to OTC issues that I would not have time to even highlight much less discuss on the air. ie. reason for the follow up page. I now can advise when things change with respect to commetns I made on the air. Lurk on this site for a while and you will see some incredibly smart investors post and above all you will find the thread is all for one and one for all. T
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