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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (12197)	5/18/2001 12:42:47 PM
From: John Pitera	Respond to of 15481

that's quite a little missive isn't it.... the examiner is really coming out swinging -g- Of course, what you don't learn from the cheerleader network is that each guest analyst on the show is paid by a brokerage house that makes money off the stock the analyst promotes. (Mary Meeker, tech anlayst for Morgan Stanley made $15 million in 1999 going on CNBC telling viewers to buy Priceline at $165 a share ---- now down to $2.) Along with not bringing these critical behind-the-scene details to the viewer's attention, our happy-faced anchors don't even question those with obviously vested interest in the companies they are promoting. Too often, eager-beaver mutual fund managers come on to pump (and then later dump) stocks they own.