CNBC -- critique. Message Board

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Pastimes : CNBC -- critique.

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To: Ted David who wrote (1610)	9/2/1998 10:24:00 PM
From: Dr. Jeff	Read Replies (2) of 17683

<<GM's stock price dropped as part of a major drop in the Dow. It was unaffected at the time of the strike.>> Yes, and when the strike settled it started dropping. The settlement was supposed to be good news for the company (and theoretically the stock), but it did nothing but fall, contributing to the fall in the dow. Just because it's in the Dow is not a reason for it's decline. It's a stock that is traded based on it's business and earnings prospects. For the stock to be recommended by several people on your program while the company was effectively out of business (when on strike), as a good "turn-around" play is appalling. (Especially considering it never dropped during the strike to really qualify as a "turn around"). The people that make calls like that should be banned from recommending anything. Just my strong opinion. Thank you for responding and acknowledging your error about buy-back announcements. An on-air correction wouldn't be a bad idea. People should know.

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