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To: R.E.B. who wrote (3481)8/5/1999 5:01:00 PM
From: kendall harmon  Respond to of 17683
 
THE REAL SCOOP for TODAY-was that late leak to Tom at the nasdaq that a major brokerage house, probably Merrill, will make positive comments tomorrow.

Oh, give me a break. Does anyone on here not believe that many big players knew of this rumor BEFORE it got to CNBC?

What happened today was that many newer traders who have been shorting stocks, and especially internet stocks, in the last 7-10 sessions got creamed. EBAY closed more than 20 points above its days low. And we could repeat that action with many other names.

The newbies who shorted got clobbered by smart traders who knew that a covering rally was imminent.

There is work here for a good investigative reporter. who knew what when? And who made that call to tom costello at the nasdaq market site? Did cnbc check it out before airing it?

Important questions.



To: R.E.B. who wrote (3481)8/5/1999 11:43:00 PM
From: Gary M. Reed  Respond to of 17683
 
"Did anyone but me notice how Kathleen tried to sell us some bullshit formula for computing "output of GNP per labor hour".... Mark Haines told her that her formula was wrong ON THE AIR.... she said she got the formula from a friend and was embarrassed..."

There is a great need at CNBC to swap out the Kathleens at the bond desk. K.Hays is just pure annoying, plain and simple. She spends too much time trying to be "one of the guys" on Squawk Box, and not enough time concentrating on her job. She is lost whenever one of the guests throws her a curve ball--she'd be lost if her notes ever got misplaced. Not to mention she is no pleasure to look at. Kathleen Tanzy is much more polished and much easier to look at.

Speaking of bonds, the best thing they ever did was to get that guy from the floor of the CBOT to give us insights on what was going on in the treasury pits. His 30=second analysis gives more information than a half-an-hour of Kathleen Hays' rah=rah crap.