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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: Da Cat in Da Hat who wrote (402)	6/9/1998 6:49:00 PM
From: David R. Parker	Read Replies (1) \| Respond to of 1729

CNBC.... Well, this is just my humble opinion...I can't speak for "everyone" else who says to have it on....but I find that they do often break stories, especially merger/acquisition news, earnings announcements, etc. Squawk Box in particular is not to be missed because of their co-hosts and interviews. The frequent money managers and analysts that appear throughout the day need to be heard. Even if you don't agree with their outlook or you see through their motives, their on-air comments can and do move those stocks. I want to know what "everyone" else is hearing.... Regards, David

To: Da Cat in Da Hat who wrote (402)	6/9/1998 7:27:00 PM
From: Darren	Read Replies (2) \| Respond to of 1729

CNBC: There are some quirky trading patterns to CNBC... Some people like to buy the stocks of the interviewees in the morning and dump them immediately befoer the interview. Others have been known to grab a quick scalp after Joe Kernan mentions a stock. The one I missed today that was just plain obvious was CNWK, which was having a nice little gain around 10:30a when they mentioned the news, and you can see it ended up 12 and change. Honestly, I don't know whether this stuff is urban myth or trading reality...I haven't done a serious study of their record...