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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (19204)	8/8/1998 5:46:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

A vote of appreciation posted for 'Jenna'-- One of the best poster on SI alongwith the ''13 days thread'' Guy-- simple and logical conclusions. KISS is the underlying argument. ''Jenna- Hi, Long overdue congratulations from a friend for running a very open honest place offering a lot of opportunity.. On Investor's Business Daily picking your stocks they, let me tell you straight without chewing any words, IBD these guys pick your posts Jenna- and they don't have the politeness to say thank you- this is what WSJ CNBC all about, you talk of divergence of Europe with US markets it ends up in next few days as decoupling of Europe with US.I hope these hot shot journalists have little decency to give credit where they pick their info from. CNBC- if the markets are up they would be on the side of buying if the markets are dropping they would sell the markets. Pits always trade against what CNBC view is, imagine if you were in the pits and someone is talking the market down you will go long at your price. This is exactly what is happening- these financial journalists by producing 'Tabloids' type of financial information are helping the pits a lot. Imagine an electronic media which hypes up the volatility of the market the ultimate beneficiaries are Pits and end loser is the small guy who panics and get slaughtered or whip sawed. May be they are serving big money but I hope if they understand to report the movements in percentage terms instead of points, this would help the small investor who gets panicked with these extraordinary moves and enter and exit at wrong time. I always advise friends to take a opposite view to CNBC on short trades, one never lose money on SPU trading. The pits in their routine breakfast conclave have an unwritten agreement to punish these hot shot financial journalists. SPU trading is the most manipulative market they run stops on up side and down side financial journalism does best to help them achieve their goals albeit without any intention. At 1060 the pits went long and little did these CNBC guys realized that the market will come back with such a vengeance. In a bull trend to talk of bear market and dance Ralph Accompara as champion of bears reflected nothing but Sensationalisation and mediocrity of financial media. Last week was great example of these manipulations --I just wanted to tell you that I am not in so many stocks my universe is limited but I enjoy your professionalism and fundamental analysis they make sense and stack up to what I call serious analysis. For me, you are the market maker. Keep doing the good job-- You are one of the best. Hats off to you and your thread- it is one good place to highlight the fundamentals strengths of underlying equities. Sorry for disturbing you. Ike''

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