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Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?


To: jopawa who wrote (4594)2/8/2000 12:27:00 PM
From: Gary M. Reed  Read Replies (1) | Respond to of 17683
 
Jopawa,

"Hidden treasure"??? Based on how well my stocks are doing, you could hardly call them "hidden treasure." They just seem to escape CNBS's attention.

My fund had triple-digit returns last year, yet the only stock I owned that ever got a mention on CNBS in 1999 was Red Roof Inns, and that was because they got acquired. CNBS makes you think you HAVE to be in their Nifty 20 to achieve great returns, when the fact is, you could completely ignore their repeatedly-hyped stocks and still kick their arse. The bottom line is this: it would be nice to hear about a few stocks that are moving that don't have the blessing of CNBS' producers. As far as wanting them to "juice" my stocks, it's quite obvious I don't need them to. Only the "Me Too" lame portfolio managers need CNBS to hype their stocks...point in case: witness Maria's fawning over DELL at 40...look at it now. Geez, whoever the chumps were who bumped their ratings to "Buy" and then called Maria on it so she could hype it from the NYSE floor are complete clueless losers.

Let's face it, what would you rather hear about: a $30 stock that is up 3 bucks, or a $290 stock that is up 3 bucks? CNBS seems to think you'd want to hear about the latter.



To: jopawa who wrote (4594)2/8/2000 1:50:00 PM
From: Thomas M.  Respond to of 17683
 
Turn them off and go elsewhere.

As long as CNBC is the only financial channel available, this is not an option. I'd love to watch CNNfn, but I can't. As it is, though, the low quality of journalism practiced by CNBC has increasingly driven me to the Web for information.

Tom