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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: heehee1 who wrote (53436)4/19/2002 3:39:03 AM
From: LTK007  Read Replies (2) of 99280
 
The killer to me is CNBC, every time MSFT comes out with a GAAP number they go into deep shock, run into the back office and say "what the hell can we do?!" "Hey, wow on a pro-forma basis this is actually a GREAT NUMBER". Next thing you know "the bull market again or die CNBC brigade" Is announcing, wow, we now think MSFT did great!!! It is a big positive surprise !!!" Stock shot up 2 points.
CNBC is shameless manipulators at times like this---give them a GAAP number they don't like and they will brazenly BS the audience.
Max
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