I don't get the feeling that CNBC doesn't like Qcom, CNBC just doesn't understand it, thinks it's a new player that is moving and CNBC doesn't understand all the history behind it that us long-term, in-detail followers understand. Remember, like any "popular" news organization, its headlines--whether down or up--doesn't matter to CNBC, as long as they have something to say "on the moment." That is why, it is the end of the world everytime there is a correction or rotation, and we're all gonna be millionaires and the "sky is the limit" when the market strongly moves forward.
It's something comparable to journalistic coverage of politics; they don't focus on the fundamentals, the issues, grass roots, etc., but on the "horse race." (Please let's not get off on that topic.) The most important thing to remember about journalists is that there knowledge is a mile wide and an inch deep; they almost have to be with their deadlines. Why should CNBC be so smart when most of the analysts, who are paid huge sums of money to be well versed in a few stocks or industries, can't get it right? |
