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

To: Dave who wrote (7694)	4/11/2001 2:53:50 PM
From: Joseph Beltran	Read Replies (1) \| Respond to of 17683

Dave, I am not suggesting that people are "forced" to buy. What I am stating is that CNBC is providing these analysts with a public forum to express their opinions on stocks. The least that CNBC can do is to act responsibly and diligently cross-examine and question these people about their picks, AND ANY POTENTIAL CONFLICTS OF INTEREST. Another thing they should do is to maintain a record of these analysts' previous recommendations and disclose that at the outset. They are beginning to do so occasionally but it should be standard operating procedure. For instance, they interviewed NILES a few days ago in connection with his most recent downgrades but made absolutely no mention of his calls last year to buy INTC when it was at $75 (I believe) and to buy MU (giving it a $200 price target) Both of those calls were grossly lame.

To: Dave who wrote (7694)	4/11/2001 3:01:53 PM
From: BWAC	Read Replies (1) \| Respond to of 17683

<was that person forced to buy a stock? > Nope. And your points are exactly right. Ultimate responsibility lies with each investor, or gambler in some cases. But you are assuming every viewer is knowledgeable about such things. These people use CNBS as a tool. However there is a good portion of the TARGETED cnbs audience that is not in the above population because their expertise lies in other fields. They may be a doctor. Salesperson. Clerk. Teacher. Retired Postal Worker. Auto mechanic. Anything but finance professional. These people just get used by CNBS and their professional touts. A big difference. But hey thats ok, we're just a bunch of journalists parading around as financial gurus who know all. After all we do lead the market in the way or tout leans. Don't listen to us, we're just reporting the news, and no we didn't stampede that herd coming your way. Case in point. The endless pumping of "pick an internet stock" with 100 Billion market cap and no sales. UP $75 TODAY!!!! Repeated hundreds of time. Breathlessly by all. All day every hour. But of these "professionals" bothered tp stop and say BEWARE! $100 Billion and no sales is dangerous.