CNBC -- critique. Message Board

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Pastimes : CNBC -- critique.

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To: Greta Mc who wrote (922)	4/25/1998 11:32:00 AM
From: Thomas G. Busillo	Read Replies (1) of 17683

Greta, you're right. They're in a tough spot sometimes. One of the first rules of journalism is not to become part of the story. And yet, it's almost unavoidable at times for them not to. That tension's going to always be there for them and they have to exercise judgement. But when an organization has that type of market-moving power, I think it's both fair and healthy to question their judgement at times. For example, there was a report on INTC that they ran late-afternoon on 4/15/98 involving rumors of an influential analyst calling for a drop. Right after it ran, the stock free-falled 2 1/8 into the close that day to around 74 7/8. A week later, it hits 85 intraday. I hope someone there took the time to either fact check that report or ask "are we being used by this source?". As a viewer, I shouldn't need to use the phrase "I hope". I should be able to say "I know". That bothers me. Doesn't have to bother anyone else though <g> Good trading, Tom

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