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Pastimes : CNBC -- critique.
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To: Ted David who wrote (7416)3/10/2001 6:15:24 PM
From: manalagi  Read Replies (1) of 17683
 
Ted:

Mucho gratias for that speedy reply to my post. I just want you to know how much you mean to us. Early Saturday morning and you took time to answer questions.

Ref: Henry Blodget. I don't think I can compare Henry to Abbey Cohen. She has a golden reputation, she is smart and rightly so to occupy such a high position. What is Henry's reputation aside from predicting that Amazon would reach $ 400, which some believe that it was there due to the hype of Henry and not because of any fundamental of the company.

If a surgeon from Cedar Sinai keeps amputating the wrong leg, should we keep inviting him to present his knowledge about surgery so that we can get the view of Cedar Sinai's hospital? Everyone knows that Henry Blodget is practically consistently wrong with his picks: down 79% on the average. He even glorify Amazon Cash position on the balance sheet while ignoring Accounts Payable. Should not CNBC invite Merrill Lynch top management and ask him why ML keeps Henry as senior internet analyst? Is it not a dark spot on Merrill Lynch reputation?

While I have benefited from Henry's hype on Amazon by shorting the stock, I am hoping that CNBC does not just have one sided opinion on Amazon. How about giving both sides of the story?. Invite Henry and one extremely knowledgable person on Amazon to give a counter opinion. Let them both get interviewed at the same time. Now that is telling from both sides of the coin. I am willing to bet that Henry's analyses will be exposed as completely wrong.

The name of that person is Glenn Rudoph, a highly respected member of SI. He has recently been interviewed by Scott Cohen.

How about it Ted?

Once again, many thanks Ted.

Manalagi
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