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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: If only I'd held who wrote (68459)3/16/2001 9:19:34 AM
From: RockyBalboa  Read Replies (1) | Respond to of 122087
 
thanks for the heads up. Shouldn't it gap up a bit here?



To: If only I'd held who wrote (68459)3/16/2001 9:21:33 AM
From: crozum  Read Replies (1) | Respond to of 122087
 
i guess if you're short any stock that gets mentioned on cnbc, it is a 'pump job' and if you are long and stock they mention it is 'manipulation.' especially in those illiquid, no-name, deadbeat companies like AAPL.
chris



To: If only I'd held who wrote (68459)3/16/2001 12:48:39 PM
From: mmmary  Read Replies (2) | Respond to of 122087
 
CNBC is the biggest pumper

I bet people who work on the show try to peek at the guest list ahead of time so they can load up. You could have made millions just playing the guest companies on either the pump right after the show or the dump the next day. They didn't even have to announce good news. Just mentioning the stock symbol was enough. I bet the stocks would even go up if they announced bad news on the show.

They pumped BIKR/UMCC so much that they fired the female reporter after the interview. That's when the stock shot to $15 in a day from $6 I believe. It dumped so hard. The CEO even "blamed" it on the reporter/show in another interview. He said paraphrased "gosh, all I said was that we just opened an online store for the company and within minutes the stock was at $l5." Then that same CEO hired another "analyst" to pump his stock again online. Then shareholders got wise to that analyst and threatened to sue him so he stopped. Six months later they hired the analyst Westergaard to pump them some more. The rest is history.