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Pastimes : CNBC -- critique.
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To: Dave who wrote (7694)4/11/2001 2:53:50 PM
From: Joseph Beltran  Read Replies (1) of 17683
 
Dave,

I am not suggesting that people are "forced" to buy. What I am stating is that CNBC is providing these analysts with a public forum to express their opinions on stocks. The least that CNBC can do is to act responsibly and diligently cross-examine and question these people about their picks, AND ANY POTENTIAL CONFLICTS OF INTEREST. Another thing they should do is to maintain a record of these analysts' previous recommendations and disclose that at the outset. They are beginning to do so occasionally but it should be standard operating procedure. For instance, they interviewed NILES a few days ago in connection with his most recent downgrades but made absolutely no mention of his calls last year to buy INTC when it was at $75 (I believe) and to buy MU (giving it a $200 price target) Both of those calls were grossly lame.
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