To: MR. PANAMA (I am a PLAYER) who wrote (27136 ) 1/25/1998 2:26:00 PM From: Thomas G. Busillo Read Replies (2) | Respond to of 53903
Bateman, with all those free advertisements that CNBC is giving him who knows? Sometimes it's like I'm watching TKTV. To be fair to them, some of us are looking at Kurlak a lot closer than they are and they do have constraints. But for the impact he has, at best they've dropped the ball and at worst they're still in the locker room, if not the hotel room. It's as if someone's afraid that giving the slightest hint that the man infalliable would somehow cause a fiery Armageddon to engulf Fort Lee, NJ. What's preventing CNBC from looking at what he actually writes on day X and going back and comparing it to what he wrote on day Y? If we can do it, I would assume the most powerful financial broadcast media organization would have the resources to do it as well. They did it to an analyst who follows TER. And wouldn't part of the story last Friday be the fact that the stock had run about 50% from his L-T downgrade? I'd argue it is a VERY relevant part of the story. I think Mark Haines is great, but I felt bad for him last Friday (as well as being peeved at him) because IMHO whatever he had in front of him that led him to use the term "admirable" in tandem with TK's "record" was GROSSLY INADEQUATE to make an informed opinion, as in my lexicon the man's "record" also includes the research he writes. How could anyone in their right mind look at his 8/6/97 call on the sector and call that admirable? My God, that call in and of itself has to be flat-out worst sector call of 1997. Are the people doing research for CNBC off-air looking at the $SOX index upside down or something? Do they have the brains to understand that "the best of all hoped for scenarios" just maybe doesn't include the sector's main index FALLING OVER 33% over the course of the quarter? Good trading, Tom