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Pastimes : CNBC -- critique.
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To: Ted David who wrote (6327)8/10/2000 5:12:10 PM
From: Haim R. Branisteanu  Read Replies (3) of 17683
 
To Ted David:

Hi Ted, one day after CNBC trumpeted the great earnings of CSCO, the stock is down $4.5 or even worst $6.5 or 10% from yesterday high, on 59 million shares.

At over 7.5 billion shares outstanding this is an haircut of around $40 billion.

So the market voted which whose conclusion?

The issue that I am trying to make is that CNBC and others in the media are nothing more than promoters of a company stock and by being so hurt the average person who gathers information from CNBC and tries to invest in the stock market.

If you recall we had the same issue about AMZN at the time wen CNBC was promoting AMZN stock, I think at a price well above $50. Now AMZN is trading around $30.

Kindly tell us how CNBC will handle the matter or should those hurt by CNBC rosy statements sue, GE, it's Chairman Jack Welsh personally and even CNBC staff for that?

Haim
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