Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: hotlinktuna who wrote (104229)	5/10/2000 12:49:00 PM
From: KevinMark	Read Replies (1) of 108040

I'm at my brother's house with no CNBC, and I must say, I watch the tape now, vs listening to those guys. It's a nice change. Yesterday, I shorted PSIX immediately after hearing Costello, mention they missed the street by 9c!!!!!!!!!!!!!! I was already counting my $$$$'s, when I noticed all the mm's stacking the bid. The tape indicated that I was going to get creamed, which I did on the short sell. I went long and made it all back. They came on an hour later to indicate PSIX did in fact *BEAT THE STREET* What a joke. These guys do that all the time. They misinform their viewers, who get sucked in, then the brokerage firms conveniently call CNBC once they have their positions firmly in place, to pounce on whoever is opposite of their position. It's all about reading the tape, which I haven't done as of late. Listening to CNBC to much has cost me $$$$'s. I think I will boycott them for now. Happy trading. Going out for lunch. KM

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