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To: Gary M. Reed who wrote (7290)2/23/2001 11:13:08 AM
From: Mark Marcellus  Read Replies (3) | Respond to of 17683
 
Gary, maybe CNBC is listening to you. They are now pushing "Mystery Guest" week for SB next week and are claiming they will have guest hosts who have never appeared on TV before.

It is definitely time for some new blood. By implication this means that CNBC may be putting some old blood out to pasture. In the spirit of constructive criticism, I have a couple of suggestions.

First, Greg Hymowitz, who IMO should have been immediately booted the second time he used his guest host stint to pump up the price of his small cap POS, Epicor. A look at a volume chart for EPIC over the last couple of years shows the exact dates this happened. Hymowitz always struck me as a tout, but the bald faced nature of that particular hype job goes well beyond the pale.

Second, I'll join Gary in recommending that SB bid adios to Eric Gustafson. At best he is a cipher. I do not recall him ever saying anything more insightful than "things look great going forward", or "this is a great business", always about some tech stock carrying a huge multiple. The stopped clock principle worked for him in 1998-99, but his mindless bulling of tech stocks stopped working a year ago, although he hasn't seemed to notice.

Guest Hosts who should be kept, and indeed should be on more often, include Vince Farrell and Seth Tobias.



To: Gary M. Reed who wrote (7290)2/23/2001 12:07:56 PM
From: Thomas M.  Read Replies (1) | Respond to of 17683
 
Message 15388041

I did note Art Cashin was looking over his shoulder and has a very concerned look on his face, but the telltale was his nervous shifting of his eyeballs back and forth looking out the corners of his eyes. He was looking for something that he wasn't finding but needed to find it. Anyone with floor experience knows the feeling. You can't look straight forward. This comes when you know you can't sell long without significant price concession and yet you know you must sell.

I noticed the same thing. He looked a bit scared, as though he senses that Ursa Major is on the rampage.

Tom



To: Gary M. Reed who wrote (7290)2/26/2001 1:29:51 AM
From: Yogizuna  Respond to of 17683
 
I love your idea of showing the videotapes to call these "gurus" on the carpet about their "batting average" predicting market direction or stock picking from last year. For the poor souls who may have listened to the bad advice and suffered for it, it is the least CNBC can do for them in my opinion.
How about it CNBC..... roll the videotape!