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

To: ViperChick Secret Agent 006.9 who wrote (14378)	3/10/1998 9:49:00 PM
From: Lucretius	Read Replies (3) \| Respond to of 95453

<<Btw, do you know how many traders watch CNBC during the day....why do you think it is on the floor of the exchange....>> Lisa, you're a rather nasty one. What's w/ the attitude. Check it at the door, you'll be much more popular at the driller party. As to your stmt: CNBC is on because they report financial news and news moves mkts. I'm not a trader so I don't care what happened 5 minutes ago, hence I don't watch it a whole lot unless there's an interview I want to catch or a mkt event. My broker takes care of that drudgery. Nobody (that I know- that includes traders, VCs, inv bankers, brokers, etc) buys or sells based on a reporter's opinion. If others do, they are naive and weak minded. Reporters just repeat what they've heard or read from a prompter. When they try original thought, it frightens me. They're called reporters for a reason. Also, don't think some "sources" don't have agendas of their own when they pass "info" onto these guys. The longs and the shorts both do it. I've seen it used very effectively over the yrs in print and tv. BTW-- the last time I was on the floor of the NYSE, CNBC was on, but it was muted. :) -Lucretius