Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: David R. Parker who wrote (406)	6/9/1998 7:22:00 PM
From: Da Cat in Da Hat	Respond to of 1729

You certainly have a point with regard to their ability to move stock. I heard from someone on the Chicago Options Exchange a few years ago that the exchange had TV's put in because Dan Dorfman would drive the traders silly with outlandish reports on CNBC....the traders would go crazy trying to guess why this stock or that was suddenly moving and the stock/options would bounce like superballs until they guessed it was another CNBC report. Of course, the stock would then come right back down to earth. I think very often CNBC can trip up someone who trades for a living, as buying on the news is not often the way to trade. This is just my thoughts on the matter of course....Another example would be that silly timer they had for Dow 9000. It was almost as if they were suggesting we "buy" because it was imminent. Seems the Dow has not done much since. I did not mean to say that you are wrong to recommend watching it, I just think they slant the stories and a new investor could be fooled by the reports.