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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (3689)	11/24/1997 6:10:00 PM
From: SJS	Read Replies (2) \| Respond to of 95453

Glen, Hate to ever poo-poo good news, but when CNBC says Fidelity is selling and a guy from Orbitex is buying, I start thinking...Who's Orbitex and why is what they do or say important as compared with Fidelity. Fidelity may not be right, but either is the elephant when you get trampled. Larry Wachtel is also someone who's known so his comments are more credible. Thanks for the info anyway. Clearly, I am not shooting the messenger, but I think CBNC might be looking to ANYONE to re-iterate oil's positive side. Morgan and Pru last week couldn't stem the tide...or so it would seem.

To: The Perfect Hedge who wrote (3689)	11/24/1997 6:11:00 PM
From: Tom L. French	Read Replies (5) \| Respond to of 95453

Glen >>Just saw Taking Stock on CNBC<< Glen, I have decided to stop watching/listening to CNBC (I keep it on mute to get a quickee at the dow/sp/nasdaq and in case the world ends.) Why? In no particular order, two reasons: 1) they dramatize/sensationalize/exagerate, whatever, because they are reporters; they're job is to keep you watching. Remember that! Try watching just and only (no focus on content allowed!) for how they play the stories. I've had training in this area, and believe me it is not simply telling you what happened! Imagine this is your friend telling you this story... and you know him/her and that she probably wants you to view this story a certain way; you also know he/she usually gives it away in his/her delivery. If you do this, you will probably conclude that their self interest in keeping you glued greatly colors the stories. (How is that for understatement!) These days I think maybe its called "spin". These guys are always spinning. But remember, its their job. They do a decent job, that's not the point here. 2) They are not generating the stories (though they work hard at making it appear they do!). Read Briefing.com and you will see! I heard the other day, one of them actually quote--use the exact same word phrase--as Briefing.com (which probably gets ITS sources from the AP or whatever)... it had one of those funny phrases that catches you... and I said WHOAAAAHHH! What? Lesson learned. For me anyway. Read Briefing.com (there are others I'm sure) for a less hyper ventilated, rehashed, slanted version of the "news". Not always true (I admit), but often enough to warrant not relying on them for the stories of the day. EOM. IMHO. TomLF