To: Yogizuna who wrote (9910 ) 3/6/2002 6:16:57 PM From: Crystal ball Read Replies (1) | Respond to Where has investigtive Journalism gone? It is sorely needed on CNBC and Wallstreet news in general, there is indeed just that lazy content filler syndrome of throwing up a young ANALyst who knows nothing and learns nothing and letting them ramble on without asking for factual proof, and that most important journalistic tool: VERIFICATION BY TWO SOURCES. Instead, CNBC just lets ANALysts come on and hype or harp at stocks to make them rise or fall to the benefit of their brokerage houses "inside" clients and insider traders. So what if the particular ANALyst does not own or trade the stock, or that his brokerage house does no banking or underwriting for the stock, the real question to ask is: How many shares were bought or sold during the 3 day/5 day Settlement period BEFORE you released your LATEST ANALysis upgrade/downgrade on a company, and how much is sold/bought afterwards during the "HIT"? Do theyfollow this up to show how Wallstreet makes a buck off of the innocent shareholders out there, those that fall into the LATE NEWS ANALysis upgrade/downgrade "Trick of the TRADE"? No guts, no investigative reporting, no uncovering of these cozy cover ups, just plain old polly PARROTS. Now watch EMC for example rebound after the manugfactured short seller sell off today, as the short squeeze goes on next, and they start buying and running for cover. Same for NTAP. McDATA that is different, but tomorrow it will be another victim, the daily crowd pleaser, the slam of the day or the hype of the day, with no journalist coming forward to challenge the facts or expose the manipulation occurring in "TRADING RANGE" markets that are manufactured solely to take newbie money. Well, contrarian that I am, I buy, and I buy low and win. I have seen it too many times not to also jump in and take those stocks that scared investors drop in my lap.
